By Sabela Ojea
Shares of Estée Lauder, Coty and E.l.f. Beauty on Wednesday bounced back after President Trump announced a 90-day pause on certain tariffs to most countries, excluding China.
Estée Lauder was up around 11% at $55.33 in afternoon trading, with Coty climbing 12% to $5.26. E.l.f., which has the largest supply chain exposure to China when compared to its competitors because it makes about 80% of its products in the Asian giant, was up around 8% to $55.25.
The beauty companies' stocks had fallen significantly over the past week after Trump announced what he called reciprocal tariffs, sparking concerns around price increases and consumers' willingness to take them. Their shares had already lost ground since the beginning of the year.
Trump is, however, raising tariffs for China to 125%, where companies like Estée Lauder and E.l.f. have manufacturing capabilities and from where they outsource packaging and ingredients.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
April 09, 2025 14:37 ET (18:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。