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Trump’s Chinese tariffs threaten to cost medical device makers $138 million a year, MITA says

Shared by Radhika Narayanan | 0 0 0 | about 2 months ago

The medical imaging group is asking for medical devices and components to be exempt from the presidents tariffs on Chinese imports. President Donald Trumps tariffs on Chinese imports will cost American medical device makers more than $138 million this year, the Medical Imaging and Technology Alliance estimates. As a result, the group is calling for a timely and robust exemption process.MRIs, pacemakers, sonograms and other medical devices were all included in the list of items subject to the 25 percent tariffs that went into effect on June 6.The tariffs could cause some vendors to downsize and cut research and development budgets, according to a recent MITA survey. And the impacted companies would also reduce their U.S.-based employment over the next few years to counteract the recently enacted China Section 301 tariffs.

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