Gillette gets a break from steel tariffs for razors
October 10, 2018 | World | No Comments|
New York (CNN Business)The Trump administration is giving Gillette a break on steel.
The shaving brand has been granted an exemption from the 25% tariff the US government imposed on steel imports earlier this year, its parent company, Procter & Gamble (PG), said Tuesday.
The company said that because Gillette was unable to find the right kind of steel for its razor blades in the United States, it has imported it from a Swedish supplier for more than 20 years. Together, they have developed a “very specialized steel” that is “key to our success and the high-quality products that we produce,” P&G said in its exemption request.