AHPA Asks US To Lift Tariffs On Imports From China Weighing Down Supplement Firms
AHPA asks USTR Katherine Tai to eliminate punitive tariffs Trump administration imposed on certain Chinese ingredients used by supplement companies. With costs up, many US supplement firms are operating on net margins of less than 10%.
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“Many of those initial fears have abated as companies have learned more about transmission and how to protect staff,” says Tara Couch, EAS Consulting. But industry is changed and manufacturers are thinking more intently about supply chains and manufacturing processes.
Grant from Department of Commerce Market Development Cooperator Program funds project for four years. In addition to grant, the project partners – UNPA, National Animal Supplement Council, Eurofins Scientific testing company and China Inspections and Testing Society – get DoC assistance.
Consumer health industry groups plan to comment at June 17 public hearing on USTR plan for 25% tariff on imports from China not included in three earlier rounds of duties. NPA applauds USTR for allowing exclusion process for imported products valued at $200bn already hit with tariffs in 2018.