Los Angeles beauty shops worried about Trump's tariffs
Looking and feeling your best might cost you more now, with tariffs driving up the price of your favorite beauty essentials.
Los Angeles is known as a global beauty hub, but tariffs are hitting the industry hard and creating a lot of uncertainty.
"I am on the phone probably every day now," CEO of The Hair Shop Daniel Tokko said. "I think everybody is in the same boat, trying to find ways to mitigate the impact."
Tokko's family-owned shop creates hair extensions and wigs for celebrities, stylists and everyday clients.
"All of our hair is what we call 100% remy hair," Tokko said. "Really, what that means is, overseas, we make our products."
He said 90% of their supply comes from China.
"We've been scrambling ever since the tariffs were announced," Tokko said. "As you know, they are at 145%, and that certainly throws a wrench into things."
Tokko said customers really worry about whether he will raise prices.
"We don't have any current plans to do so," Tokko said. "I guess it's an open question how long that will be true."
Stores specializing in skincare and beauty products are also worried about the tariffs.
"We are having some customs challenges," Vanessa Nabhani said. "We are learning. We are being flexible.
Nabhani owns Playlab Beauty in Old Town Pasadena, which sells Korean and Japanese beauty products. The company is still recovering from the Eaton Fire, which caused most of its inventory to burn in an Altadena warehouse.
"A lot of the Korean sunscreen that people are loving and dying to get their hands on, we lost overnight," Nabhani said.
There's a lot of uncertainty, but a silver lining has helped them keep prices down at least for now.
After stockpiling and strong vendor relationships, both the Hair Shop and Playlab Beauty said they aren't worried about their inventory yet. However, prices are more likely to rise if the tense trade situation continues.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
42 minutes ago
- Yahoo
California to launch $105 million mortgage fund to aid disaster victims
California will launch a $105 million disaster relief program on Thursday to assist homeowners whose properties were damaged or rendered uninhabitable by recent wildfires and other declared disasters. The CalAssist Mortgage Fund, administered by the California Housing Finance Agency, will provide grants of up to $20,000 — equal to approximately three months of mortgage payments — to eligible homeowners struggling to recover from major disasters. 'Homeowners whose home was destroyed in a recent fire, flood, or other disaster deserve support in their recovery. We know that recovery takes time, and the state is here to support,' Gov. Gavin Newsom said in a statement. The fund will support those affected by disasters declared a state of emergency by the governor or receiving a federal major disaster declaration between January 2023 and January 2025. Incidents include the Eaton Fire, Palisades Fire, Park Fire and Tropical Storm Hilary. A full list of qualified incidents can be found here. CalHFA will also offer $25 million in housing counseling support through its National Mortgage Settlement Housing Counseling Program. None of the new relief funding affects the state's proposed budget for 2025-2026, according to the governor's office. Applications for the grant will open June 12 at The grants do not need to be repaid and are free to apply for. Approved funds will be sent directly to mortgage servicers on behalf of the homeowner. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
an hour ago
- Yahoo
Toyota chairman to face scrutiny over $33 billion deal at shareholder meeting
By Maki Shiraki TOYOTA CITY, Japan (Reuters) -Toyota Motor Chairman Akio Toyoda is likely to face scrutiny over a $33 billion take-private deal of a key supplier when shareholders assemble for the Japanese automaker's annual general meeting on Thursday. This year's gathering, set to kick off at 10:00 a.m. (0100 GMT), marks the first time in three years that Toyoda isn't being opposed by a shareholder proxy adviser. Nevertheless, the grandson of the automaker's founder is likely to face some tough questions about governance - if this week's meeting of supplier Toyota Industries is anything to go by. Shareholders of forklift maker Toyota Industries on Tuesday voiced disapproval of the 4.7 trillion yen ($33 billion) take-private bid from its parent that they said was unfair to minority shareholders. The world's top-selling automaker plans to take its supplier private in a complex, multi-part transaction that includes an offer price of 16,300 yen a share. While the price might be a good deal for Toyota Motor shareholders, critics of the bid, including London-based Zennor Asset Management, have raised concern about the transaction, particularly around the treatment of minority shareholders. "This was not a decision that neglected minority shareholders, but rather one that was taken with all the factors in mind," Toyota Industries' President Koichi Ito told shareholders on Tuesday. Under the deal, a new holding company will be set up. Unlisted real estate company Toyota Fudosan will invest 180 billion yen while Toyoda will invest 1 billion yen. Toyota Motor will invest 700 billion yen for non-voting preferred shares. Tuesday's meeting ran for almost two hours, Toyota Industries' longest ever, the company said. Executives also took some two dozen questions from shareholders, the most ever. Hong Kong-based Oasis Management, which has shares in both Toyota Motor and Toyota Industries, has said it would push for a higher price. Toyota has said the acquisition would allow Toyota Industries to deepen collaboration with group companies, without concerns of short-term profit targets, as Toyota itself becomes a broader "mobility company". This year, prominent proxy advisory firms Glass Lewis and Institutional Shareholder Services have both recommended that shareholders re-elect Toyoda. Glass Lewis had recommended voting against him the previous two years and ISS had last year. Toyoda's position at the automaker had come under scrutiny over broader governance concerns. Neither proxy adviser gave specific reasons for the change in their recommendations this year. Toyoda has seen shareholder support slip in recent years. He was re-elected to the board with 72% backing in 2024, in what he later said marked the lowest support rating ever for a Toyota director. That was down from 85% and 96%, respectively, in the prior two years. In a July 2024 interview by Toyota's own news outlet, Toyoda said his seat on the board could be at risk if shareholder support continued to fall. Toyota Industries, formerly Toyoda Automatic Loom Works, was founded in 1926 to make automatic looms. An automotive division within the company was set up and later spun off as Toyota Motor. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
APP Group Strengthens Japan-Indonesia Economic Ties Through Sustainable Development
JAKARTA, Indonesia, June 12, 2025 /PRNewswire/ -- As Japan accelerates its Green Growth Strategy to achieve carbon neutrality and economic sustainability, APP Group is strengthening bilateral economic relations by providing sustainable forestry solutions and responsible pulp and paper production. The recent Japan-Indonesia trade pact amendments have further reduced barriers to economic cooperation, opening opportunities for stronger partnerships in sustainable materials and manufacturing. As a global leader in the industry, APP Group is well-positioned to support Japanese businesses in transitioning to eco-friendly supply chains, offering innovative, high-quality, and environmentally responsible products that meet Japan's rigorous regulatory standards. Sustainability is now a core pillar of economic strategy, with Japan actively investing in green technologies and carbon reduction initiatives. By working with APP Group, Japanese businesses can adopt certified sustainable materials, minimizing their environmental footprint while maintaining high-performance product quality. "In today's business landscape, sustainability is not just an option but a necessity," said Tan Ui Sian, Representative Director at APP Group Japan. "As a company committed to responsible forestry and environmental stewardship, we are proud to support Japan's sustainability goals by providing high-quality, sustainable alternatives that help businesses reduce their carbon impact while remaining competitive in the global market." APP Group has a long-standing presence in Japan, continuously evolving its product offerings to cater to the shifting demands of businesses and consumers. With Japan's growing focus on circular economy principles, there is increasing demand for biodegradable, recyclable, and responsibly sourced materials. APP Group is actively investing in research and development to meet these needs, ensuring its paper and packaging solutions align with Japan's stringent sustainability policies. Additionally, Japan's trade and economic policies are increasingly prioritizing low-carbon industries, opening new opportunities for collaborations that drive both environmental and financial benefits. Through technology-driven innovation and responsible sourcing, APP Group provides Japanese businesses with practical solutions that address both regulatory compliance and corporate sustainability targets. APP Group's presence in Japan reflects the growing Japan-Indonesia partnership, demonstrating how industries can drive economic progress while advancing green initiatives. About APP Group APP is a leading pulp, paper, and forestry company based in Indonesia, supplying high-quality tissue, packaging, and paper to over 150 countries. With operations in Indonesia and China, we prioritize sustainability, ethical practices, and the well-being of our employees, society, and the environment. Our Sustainability Roadmap Vision 2030, aligned with ESG principles, guides our efforts in environmental protection, community support, biodiversity preservation, and carbon neutrality. View original content: SOURCE APP Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
