Here’s what you need to know:
1. A survey cited by MITA found subjecting medical technology products and components from China to the Section 301 tariffs is estimated to cost American device makers over $138 million this year. It will affect components for CT scanners and X-ray device components the most.
2. The survey also found implementing the tariffs would cause manufacturers to invest fewer resources into research and development, reducing employment in the U.S.
3. “These tariffs on imaging products or their components will harm the American medical technology sector’s ability to stay competitive and will adversely affect the U.S. economy in ways that could compromise patient access to care,” said Patrick Hope, executive director of MITA. “Though the administration has stated it will implement an exemption process, we have not yet seen any information about how or when it will do so.”
More articles about imaging:
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