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New tariffs hit medical imaging industry

On Friday, July 6, tariffs on $34 billion worth of products imported from China, including parts and machines used for x-rays, CT scans, and MRIs equipment, officially went into effect. Tariffs on another $16 billion worth of products are expected to begin soon. Over the past two years, the United States has actively enacted several…

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Trade war now touches all US med device manufacturers

  As of January 17, 2019, the Trump administration is considering eliminating tariffs on billions of dollars of Chinese imports to spur progress toward a trade deal, less than two weeks before a high-level delegation from Beijing is scheduled to arrive in Washington for talks. As the trade conflict between the U.S. and China grows…

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Medical device industry facing multi-billion hit from new tariffs

As the world’s largest manufacturer of medical devices, the U.S. industry faces a $5 billion hit from new Trump administration tariffs, it is predicted by experts, out of a total $50 billion market effect for the first year.  A tariff is a tax on imports or exports between sovereign states.  These tariffs are expected to…

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