Tiger Balm faces tariff aches and pains from Trump’s trade war with China

News Snapshot:

Tiger balm, the popular menthol ointment used by athletes and arthritis patients, has just one U.S. distributor and a single factory in China, making it especially vulnerable to the tariff standoff. A 0.63-ounce hexagonal jar of the amber-colored balm typically sells in the U.S. for about $8. But its sole American distributor, Prince of Peace Enterprises, based in Livermore, California, says retail prices could soon rise as President Donald Trump hiked up tariffs on China as high as 145%. The ointment for the U.S. markets is produced at a factory in China and, at the current tax rate, the distributor...