China Medical Equipment Tariff

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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. Medical equipment makes up a small slice of the list of taxed products. Businesses express an urgent need for more masks ventilators. 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. 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. Imported about 5 billion worth of medical equipment from china before the trade war began.

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. Trump s tariffs now cover about 20 percent of those imports but that is less than 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. The trump administration signaled a willingness to remove tariffs on medical supplies from china as health authorities backed by u s.

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.