China Medical Equipment Tariff

The trump administration s tariffs on imported medical equipment particularly from china have added to the struggle in the u s s fight against the coronavirus outbreak.

China medical equipment tariff. U s china trade tensions continue to escalate as new tariffs took effect on september 1. Steep tariffs proposed by the trump administration on goods imported from china would also target dozens of medical products potentially raising costs at a time when rising healthcare spending has become a national concern. Applications from 27 companies were. The office of the united states trade representative ustr has granted tariff exclusions for face masks and other medical supplies imported from china.

Imported about 5 billion worth of medical equipment from china before the trade war began. China responded with its own set of tax changes raising the tariffs on a set of products from 10 to 25 and imposing smaller levies on other imports. Cameras used in medical and surgical contexts are among the products now subject to a 25 import tax. Medical equipment makes up a small slice of the list of taxed products.

The trump administration signaled a willingness to remove tariffs on medical supplies from china as health authorities backed by u s. Visit business insider s homepage. Businesses express an urgent need for more masks ventilators. Here is a list of the medical devices and technology that would be affected by the tariffs.

The trade war is hitting medical supplies and will be passed on to the consumer home. In us china tariff poker game health supply chains stand to lose tariffs on medical equipment and supplies plus duties on imported steel and aluminum could result in millions of increased costs for the healthcare industry and u s.