The US has ended South Korea’s tariff-free status for cosmetics. South Korean beauty products are now subject to a 15 per cent import tax, sparking uncertainty across the industry which generated $1.7 billion in sales in 2024, a 54 per cent increase from the year before.

Trump tariffs threaten South Korea’s K-Beauty boom in the US

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Trump tariffs threaten South Korea’s K-Beauty boom in the US