The ointment for the U.S. markets is produced at a factory in China and, at the current tax rate, the distributor is anticipating $3 million to $5 million in tariff costs this year for Tiger Balm products, said Matt Chin, Prince of Peace president. “If Walmart, for example, won’t make an exception for the price increase due to tariffs, that means as the seller we would have to eat the difference,” he said. He said the group has been engaging with trade representatives and the Chinese consulate in San Francisco for more clarity about the economic outlook of the tariffs.
Author: Claire Wang
Published at: 2025-04-23 21:31:40
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