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These 7 trends matter the most for medtech in 2019

August 2, 2019 By Chris Newmarker

2. The U.S.-China trade war is costing money

U.S. China trade war medical device industry suppliers

[Image by art director Matt Claney]

President Donald Trump over the past week announced a 10% tariff on an extra $300-billion-worth of Chinese goods, further escalating a trade war that doesnt show any sign of going away.

The trade war matters for the big, legacy medical device companies — many of whom have a manufacturing presence in China and source components from the East Asian giant. The U.S. medical device industry initially faced nearly $1 billion in tariffs after the Trump administration slapped China with its first round of tariffs in July 2018, trade group Advamed reported at the time. Medical device companies are getting some relief, though. The U.S. last month exempted several categories of medical devices from the 25% tariffs, including surgical, radiotherapy and dental devices.

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The U.S.-China trade war: Here’s what it means for medical device industry suppliers

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • Subscribe to Print Magazine
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech