J&J opens 3rd institute in China as Trump threatens new tariffs: 5 insights

Written by Mackenzie Garrity | June 20, 2018 | Print  |

Johnson & Johnson unveiled its newest Johnson & Johnson Institute in Beijing, China, according to the Global Times.

The opening comes on the heels of the Trump administrations' threat to impose $200 billion in additional tariffs on Chinese goods, according to The New York Times.

Earlier in June, Trump proposed a 25 percent tariff proposal on nearly $50 billion worth of Chinese goods. Medical device and technology products — many made by U.S. companies — make up $5 billion of the imported goods facing tariffs.

Here are five insights:

1. This is the third Johnson & Johnson Institute to open in China and the second in Beijing.

2. With the newest facility, J&J hopes to establish itself as a flagship in the Asia-Pacific region.

3. At the existing facilities, medical professionals are gaining experience through virtual reality simulations and live classes. In 2017, more than 14,000 professionals underwent training.

4. The Johnson & Johnson Institute recently launched a new global virtual reality training program to save costs while expanding education efforts to orthopedic surgeons.

5. "The significant disparities in professional healthcare education and training around the world means some patients and consumers are unable to benefit from the latest medical knowledge and expertise, said Sandra Humbles, J&J's vice president of global education solutions, according to the Global Times.

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