L'Oreal CEO plays down the impact of U.S. tariffs, says he's 'not overly concerned'
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L'Oreal CEO Jean-Paul Agon is not overly concerned about the impact of U.S. tariffs on the company, as most of its products sold in the U.S. are produced domestically. However, some luxury products are still exported from Europe.
March 11, 2025 | 11:45 am
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L'Oreal's CEO is not overly concerned about U.S. tariffs, as most products sold in the U.S. are produced locally. Some luxury items are still exported from Europe.
The CEO's statement suggests that the impact of U.S. tariffs on L'Oreal is minimal due to local production. However, there is a slight risk for luxury products exported from Europe, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80