Tiger Balm, a popular topical ointment used for muscle aches and pains, is feeling the effects of the trade tensions between the U.S. and China. The product, known for its distinctive aroma and pain-relieving properties, faces potential price increases due to tariffs imposed on goods imported from China.
According to industry analysts, Tiger Balm's unique supply chain structure makes it especially vulnerable. The company relies on a single factory located in China to produce the ointment for the global market. In the United States, only one distributor handles the product's import and distribution. This concentrated supply chain means that any disruption, such as increased tariffs, has a direct and significant impact on the availability and cost of Tiger Balm for American consumers.
Experts suggest that the company may need to explore alternative manufacturing locations or diversify its supply chain to mitigate the risk of future trade disputes. Alternatively, Tiger Balm could absorb the increased costs, potentially impacting profit margins, or pass the costs onto consumers through higher retail prices. The situation underscores the broader implications of international trade policies on individual businesses and consumers alike, demonstrating how tariffs can affect everyday products.
Tiger Balm Feels the Sting of US-China Trade Tariffs
The ongoing trade war between the United States and China is impacting Tiger Balm, the well-known pain relief ointment. With only one U.S. distributor and a single manufacturing plant in China, the company is particularly susceptible to increased tariffs. This situation highlights the complex challenges faced by businesses reliant on international trade and global supply chains. The tariffs could potentially lead to higher prices for consumers seeking pain relief.
Source: Read the original article at NBC