EU brands turn to obscure customs clause to soften blow of Trump’s tariffs
By Elisa Anzolin, Mimosa Spencer and Dominique Patton PARIS/MILAN (Reuters) -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.S. President Donald Trump‘s tariffs. While Trump and European…