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Gillette cuts a deal with Trump administration on steel tariffs

Gillette gets a break from the Trump White House.

The administration is giving the shaving giant an exemption from the 25 percent tariff that's been placed on imported steel.

Procter & Gamble, Gillette's parent company, made the announcement Tuesday.

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For more than two decades, Gillette has been importing steel from a Swedish company because it says it couldn't find the correct kind of steel in the U.S.

In a statement, Procter & Gamble said it has developed a "specialized steel" with that company that is the "key to our success."

Gillette's sales haven't been as sharp over the past few years. It says that's partly because American men aren't as clean-shaven as they used to be.

 
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