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Estee Lauder Cuts Prices Of Imported Products In China

May 28, 2015: 12:00 AM EST
Estee Lauder Companies said it will cut the prices of its products in China, in support of the government's move to lower import tariffs. Although the import tariff cut is not expected to have a significant impact on retail prices, the company said it believes the new policy will help promote domestic consumption. L'Oreal SA also announced plans to reduce prices of imported products in the country.
Yang Jing , "Estee Lauder announces mainland price cuts following government’s import tariff reduction", Global Times, May 28, 2015, © Global Times
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