China Medical Equipment Tariff

Imported about 5 billion worth of medical equipment from china before the trade war began.

China medical equipment tariff.

Businesses express an urgent need for more masks ventilators. The trump administration signaled a willingness to remove tariffs on medical supplies from china as health authorities backed by u s. 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 top five imported medical devices and technologies last year in china were implantable materials and artificial organs optical and endoscopic equipment dental materials medical polymer materials and major electronic equipment. Medical equipment makes up a small slice of the list of taxed products. Visit business insider s homepage. Cameras used in medical and surgical contexts are among the products now subject to a 25 import tax.

Here is a list of the medical devices and technology that would be affected by the tariffs. 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. The office of the united states trade representative ustr has granted tariff exclusions for face masks and other medical supplies imported from china. Trump s tariffs now cover about 20 percent of those imports but that is less than were.

The administration has offered tariff relief for more than 100 of medical items from china including face masks sanitization products isolation gowns and more. 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.