In this episode of Herbal Explorations: “New Year Update on Sino-US Trade,” Wilson Lau (NuHerbs.com) and Jeff Crowther (HPAChina.org) delve into the Sino-US trade as they see it for 2025, while recapping 2024. They explore their top takeaways for 2024 and what they think 2025 holds.
The conversation covers changes in China supplement market, the opportunities there and how Sino-US trade could be impacted.
Conversation Overview:
00:00 Introduction and Background
01:06 What are your (Jeff’s) top takeaways from 2024?
02:01 Attitudinal change in health among Chinese population and the opportunity that it presents
06:26 What are your top things to keep an eye on for 2025?
11:25 The importance of trade associations, such as Health Product Association-China to understand the issues in the local market and how they can assist with entry into China
13:15 Cross-Border Commerce
21:58 Odds of Increased Tariffs on Chinese Goods
24:22 Strategies to address increased Tariffs
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