Galderma CEO to enter talks with US retailers over Trump tariffs
Galderma CEO, Flemming Ornskov said he intends to talk to US retailers about the trade tariffs slapped on imported goods by the Trump administration. The Swiss skin care brand is stocked by Walmart, Amazon and Target and has major production operations in Canada. The post Galderma CEO to enter talks with US retailers over Trump tariffs appeared first on Global Cosmetics News.
THE WHAT? Galderma CEO, Flemming Ornskov said he intends to talk to US retailers about the trade tariffs slapped on imported goods by the Trump administration. The Swiss skin care brand is stocked by Walmart, Amazon and Target and has major production operations in Canada.
THE DETAILS According to a report published by Reuters, the beauty label has already taken ‘precautions on stock’ in the US.
THE WHY? With Trump threatening tariffs on Europe as well as Mexico and Canada, retailers and suppliers will need to thrash out who will shoulder the rise. As Ornskov told Reuters, the duty could be mitigated by driving greater volume or price rises.
The post Galderma CEO to enter talks with US retailers over Trump tariffs appeared first on Global Cosmetics News.
