Silver Spring, MD—On January 15, 2020, the U.S. and China signed an agreement on a Phase One trade deal that, according to a fact sheet from the Office of the United States Trade Representative (USTR), requires structural reforms and other changes to China’s economic and trade regime in the areas...
Washington, D.C., and Beijing—U.S. and Chinese officials announced a limited agreement to halt the trade war, according to The Wall Street Journal. President Trump has removed the threat of new tariffs, and Beijing has agreed to purchase American farm goods and other products. The new tariffs would have been imposed...
Las Vegas, NV—The American Herbal Products Association (AHPA) held its 8th Annual Botanical Congress on the final day of SupplySide West at the Mandalay Bay in Las Vegas. The all-day event covered a range of topics impacting the industry, including the current regulatory status of hemp-CBD in the marketplace; the...
[vc_row][vc_column][vc_column_text]Washington, D.C.—President Donald Trump outlined the first phase of a deal to end the trade war with China and suspended the October tariff hike, according to Reuters, but officials on both sides said that more work needs to be done before an accord could be agreed upon. The emerging deal...
Shanghai, China—The Chinese government announced that it will impose its own tariff increases on American imports, which The New York Times called “the latest sign that neither side is prepared to back down in their trade war.” The State Council Tariff Commission in Beijing said it would impose extra tariffs...
The trade war is in full force between the United States and China with the dietary supplement industry on both sides caught in the crosshairs. This war is already having an impact on consumer sentiment and pricing, and while it is likely that the trade war will end at some...
Washington, D.C.—President Trump unveiled a $16 billion bailout for farmers, according to the NY Times, signaling that the trade war is here to stay. The amount, according to a statement from the Agriculture Department, “is in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and...
Washington, D.C., and Beijing, China—China’s finance ministry announced that it will raise tariffs on a range of American goods in retaliation for last week's escalation, according to the New York Times. China currently has tariffs on $60 billion in American goods. Last September, they levied tariffs of 5% to 10%...
Washington, D.C., and Beijing, China—President Donald Trump has raised existing tariffs on $200 billion of Chinese imports to 25%, effective on all goods that shipped out of China after 12:01 Friday morning. Goods that shipped prior to midnight will be charged the previous 10% rate. Beijing expressed intent to retaliate,...
Washington, D.C.—President Trump is delaying the tariff hike on Chinese goods and hopes to sign a deal soon to end the trade war altogether, according to Reuters. No new deadline for tariff hikes has been set, and no details regarding the deal have yet been released. Reuters reports that this...
