At the end of 2018, the U.S. Trade Representative implemented a 90-day trade truce with China, delaying a proposed 25 percent tariff on China imports until March 1, 2019. The present tariff remains at 10 percent and at time of press it remains to be seen if the 25 percent tariff will take effect. While this tariff is impacting many industries, its effect of the dietary supplement industry may be significant with many of its prime raw ingredients such as Vitamin C coming directly from China.
Join Kelley Drye special counsel, Laura Rabinowitz
and other panelists as they explore the challenges associated with doing business in China and examine ways companies can reduce the impact of trade wars on their business.
- Understanding the array of customs, international trade, and tariff laws associated with China
- Adjusting business models and plans in the wake of increased tariffs, such as the challenges associated with new equipment purchases or cost of raw ingredients in the wake of tariff increases
- Addressing ways companies may be exempt from the tariffs imposed on its products
- Analyzing challenges with sourcing products from other countries if tariff increases make doing business with China too costly
- Anticipating how retaliatory action could affect product imported into China