Washington, DC—The United States and China announced a 90-day pause on most of the recent tariffs that the two countries have imposed on one another, White House reported. The joint statement from the U.S. and China pointed to:
- the importance of their bilateral economic and trade relationship to both countries and the global economy;
- the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship;
- recent discussions and believing that continued discussions have the potential to address the concerns of each side in their economic and trade relationship.
Coverage from NBC News explained that the combined U.S. tariff rate on Chinese imports will be cut to 30% from 145%, while China’s levies on U.S. imports will fall to 10% from 125%.
Following the news, the Natural Products Association (NPA) issued a statement in support of President Donald J. Trump, saying the latest trade agreement with China represents "a significant step toward fairer global trade, a more level playing field for American manufacturers, and greater market access for U.S.-made dietary supplements and natural products."
"President Trump's agreement with China is a game-changer for American businesses, including those in the natural products industry," said Daniel Fabricant, Ph.D., NPA President and CEO. "For too long, American producers and exporters have faced steep barriers and retaliatory tariffs that made it harder for our members to compete globally and deliver high-quality products to consumers worldwide. This new deal brings hope, opportunity, and clarity for our sector."
NPA said the joint commitment to removing non-tariff barriers and enhancing market access could pave the way for future export growth of U.S.-made vitamins, supplements, and wellness products. "Lowering tariffs by 115% on both sides and pausing further escalation is a win for U.S. manufacturers and American consumers," Dr. Fabricant said. "It reinforces the administration’s commitment to supply chain resilience and promotes domestic investment, principles the NPA has long championed."
Key points of the trade agreement, as outlined by NPA:
- The removal or suspension of Chinese retaliatory tariffs affecting U.S. goods, including natural products.
- A reciprocal 90-day pause on both nations' recent 34% tariff increases, replaced with a more stable 10% tariff baseline.
- A framework for future bilateral economic discussions led by top-level trade and treasury officials.
- Joint enforcement and oversight mechanisms to ensure compliance and transparency.
"As the U.S. works to rebalance its trade relationship with China, our industry stands ready to grow, innovate, and meet global demand," said Dr. Fabricant. "We commend President Trump and his administration for prioritizing American workers, health, and enterprise. This deal moves us closer to a stronger, more resilient, and fair global trade environment."
Spotlight on advoacy
NPA also shared the news that members of its Board of Directors met directly with White House officials during NPA’s annual Fly-in Day, which was held on May 8. Industry members who took part in Fly-in Day met with more than 100 congressional offices about the importance of strengthening the dietary supplement supply chain. WholeFoods Magazine's Richard Ortega was among the attendees, and will be sharing key insights in the coming days.
