L'Oreal and a growing number of European fashion and cosmetics companies are exploring use of an obscure, decades-old U.S. customs clause known as the "First Sale" rule as a potential way to soften the impact of U.

African trade flows may shift further away from the US after President Donald Trump announced a slew of new tariffs, the head of Citigroup Inc.’s regional office said.Trump unveiled a revised global plan on Thursday that imposed levies as high as 30% on imports from countries including South Africa — the continent’s biggest economy — and Algeria.

Despite promising no further extensions, President Trump’s tariff will go into effect a week later than his self-imposed August 1 deadline, adding further uncertainty.