The 23 January presidential memorandum from President Donald Trump, pulling the US from participation in the Trans-Pacific Partnership (TPP) trade deal has disappointed the American cosmetics and personal care products sector.
This is not only because of the tariff barriers it would have eliminated, but also because the TPP would have pushed regulatory controls in all TPP countries in the same direction.
Speaking to SPC, Francine Lamoriello, Executive Vice President, Global Strategies at the US’ Personal Care Products Council (PCPC), called on the Trump administration to redouble its efforts to secure overseas market access, following its abandonment of the TPP.
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