China | WholeFoods Magazine

GNC Plans Sale to Chinese Investor; Security Concerns Raised

September 16, 2020

Pittsburgh, PA—GNC Holdings, Inc. has canceled its auction and now aims to sell the company to China-based Harbin Pharmaceutical Group Holding Co. As Bloomberg reported, GNC said that since no other qualified bids had emerged by last week’s deadline, the company is seeking approval to sell its assets to Harbin,...

China Accepting Imports of Whey Permeate

June 2, 2020

WholeFoods Magazine Staff

Whey permeate can now be exported to China for use in food and beverage products, according to a press release from Arla Foods Ingredients. On May 15, China published an official safety and quality standard for using permeate powders in food processing, signifying that its market is ready to accept...

Limited Agreement Announced to Halt Trade War

December 13, 2019

WholeFoods Magazine Staff

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...

October Tariff Hike Suspended, First Phase of Potential Trade Deal Outlined

October 12, 2019

WholeFoods Magazine Staff

[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...

China Raises Tariffs on American Goods; Update: Trump Responds; China, Trump Look for Deal

August 23, 2019

WholeFoods Magazine Staff

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...

More Tariffs Imposed on Chinese Imports; China, Industry React

August 2, 2019

WholeFoods Magazine Staff

Washington, D.C., and Beijing, China—President Trump has announced that he will impose a 10% tariff on the remaining $300 billion worth of untaxed imports from China, according to The Washington Post. These new tariffs take effect September 1. News of the new tariffs comes just a day after negotiators wrapped...

Trade War Raises Industry’s China Conundrum…Again

July 15, 2019

Scott Steinford

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...

NPA: Opening of Exclusion Process for Tariffs on Dietary Ingredients a Major Victory

May 24, 2019

WholeFoods Magazine Staff

Washington, D.C.--The Natural Products Association (NPA) announced a "major victory" for the natural products industry: The Office of the United States Trade Representative (USTR) is opening an exclusion process for List 3 China 301 tariffs, which includes many ingredients used in natural products. As WholeFoods previously reported, the Trump Administration...

China Raises Tariffs on All American Goods

May 13, 2019

WholeFoods Magazine Staff

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%...

U.S. Raises China Tariffs, Threatens to Impose More

May 10, 2019

WholeFoods Magazine Staff

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,...