US beauty firms fall after French cosmetics body flags tariff retaliation risk

Shares of U.S. beauty companies down after French cosmetics industry body says there is "enormous" risk of retaliation by the United States as EU to go ahead with tariffs

The European Union will impose counter tariffs on 26 billion euros ($28.39 billion) worth of U.S. goods from next month, the European Commission says

EU tariffs to impact imports of U.S. makeup worth around 200 mln euros per year, according to the French cosmetics body

Shares of Estee Lauder and Elf Beauty down nearly 5%

CoverGirl parent Coty's stock declines 2.9% to $5.53 and cosmetics retailer Ulta Beauty down 3.1% at $332.12

($1 = 0.9159 euros)