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Higher Consumer Health Price Tags Ahead As Chinese Import Tariff Increases

 
• By Malcolm Spicer

Additional tariffs on Chinese imports of ingredients needed for dietary supplements in addition to active ingredients and excipients used in OTC drugs will increase manufacturers' costs even if they arrange to receive ingredients from firms in the US of other countries. The American Herbal Products Association told USTR that firms impacted by the additional tariff "will be faced with the need to either increase prices and thus risk sales losses, absorb additional costs by reducing profit margins, or discontinue products; each of these options risks economic harm to these companies and job losses to their employees."

Hand holds the magnifying glass in front of an open notebook. Among the many icons, attention is focused on the money icon. Financial operations, banking, lending, etc.

Consumer health and cosmetic product ingredients are not among the nearly 300 categories the Trump administration dropped from its list of products imported from China that are subject to an additional 10% tariff that starts Sept. 24 and increases to 25% in January.

The tariff on Chinese imports of ingredients needed for dietary supplements and cosmetics in addition to active ingredients and excipients used in OTC drugs will increase manufacturers' costs even if they arrange to receive ingredients from firms in the

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