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Government

China lowers tariffs on popular imported luxury cosmetics

June 5, 2018

Chinese consumption of imported cosmetics grew by 40 percent last year. Image credit: Kantar

 

By Danny Parisi

The Chinese government is significantly cutting tariffs on imported beauty products including skin and hair cosmetics in a move expected to boost the growth of brands such as Estée Lauder and Lancôme.

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  1. Mercedes-Benz, Alicia Keys celebrate female musicians in collaborative project
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  5. Brands underestimate when consumers will jump ship after poor CX: report
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