According to WSJ, Biden is expected to roll back some tariffs in Chinese import soon and may announce his decision this week.
http://https://www.wsj.com/articles/biden-might-soon-ease-chinese-tariffs-in-a-decision-fraught-with-policy-tensions-11656927001
This shows that both sides are willing to make concessions and ease tensions in order to reach an agreement.
Due to the inflation in US markets, many brands are looking for cheaper solutions, such as changing box sizes, formula and packaging etc which means you may encounter a price war in your local market this year.
For example:
1) P&G will launch new smaller-sized versions of its popular brands including Pantene and Crest Whitestrips at lower prices this year.
2) Unilever will launch new products with lower prices to meet the demand from consumers.
3) L’Oreal has announced that it would slash its prices and introduce lower-priced beauty products in response to the slowdown of sales growth in China.
4) The price of Chanel’s latest fragrance Coco Mademoiselle has been lowered by US$30 per bottle to reflect market conditions.
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Post time: Jul-06-2022