China Medical Equipment Tariff

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.

China medical equipment tariff.

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 trade war is hitting medical supplies and will be passed on to the consumer home. 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. Cameras used in medical and surgical contexts are among the products now subject to a 25 import tax.

The trump administration signaled a willingness to remove tariffs on medical supplies from china as health authorities backed by u s. Applications from 27 companies were. Businesses express an urgent need for more masks ventilators. U s china trade tensions continue to escalate as new tariffs took effect on september 1.

Imported about 5 billion worth of medical equipment from china before the trade war began. Here is a list of the medical devices and technology that would be affected by the tariffs. 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. The administration has offered tariff relief for more than 100 of medical items from china including face masks sanitization products isolation gowns and more.

Visit business insider s homepage. Medical equipment makes up a small slice of the list of taxed products.