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