Over the last few weeks, tariffs have been the talk of the town in the beauty industry. President Trump imposed six waves of tariffs on Chinese imports, resulting in 145% tariffs currently in effect. China faces up to a 245% tariff (25% reciprocal tariff, 20% fentanyl tariff, and Section 301 tariffs on specific goods between 7.5% and 100%) on imports to the United States “as a result of its retaliatory actions,” according to the White House.Like many other industries, the beauty industry relies heavily on Chinese goods and raw materials. The vast majority of beauty product packaging comes from China, even for brands that manufacture their products in the United States. While China is bearing the brunt of these tariffs, other countries are also feeling the effects. The existing 10% global tariff imposed on Korea has already impacted K-beauty brands, although this may change in the future, as Korea and the US are still negotiating a proposed 25% tariff.The extensive consequences of these tariffs include inflation, changes in consumer behavior, and widespread disruptions to international trade. Import tariffs directly increase the cost of goods for businesses and consumers, which can lead to higher prices across the board. Consumer behavior in the US is already beginning to show signs of a major shift. Bloomberg reports that hairdressers and aestheticians say clients are opting for less expensive services and spacing out their appointments, suggesting that consumers are looking to cut costs wherever possible.Amid so much uncertainty, consumers are being encouraged to stock up on some of their must-have products before prices increase.