China Medical Equipment Tariff

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China medical equipment tariff.

Medical equipment makes up a small slice of the list of taxed products. The trump administration signaled a willingness to remove tariffs on medical supplies from china as health authorities backed by u s. The office of the united states trade representative ustr has granted tariff exclusions for face masks and other medical supplies imported from china. Trump s tariffs now cover about 20 percent of those imports but that is less than were.

Applications from 27 companies were. Businesses express an urgent need for more masks ventilators. The trade war is hitting medical supplies and will be passed on to the consumer home. The top five imported medical devices and technologies last year in china were implantable materials and artificial organs optical and endoscopic equipment dental materials medical polymer materials and major electronic equipment.

The trump administration s tariffs on imported medical equipment particularly from china have added to the struggle in the u s s fight against the coronavirus outbreak. Steep tariffs proposed by the trump administration on goods imported from china would also target dozens of medical products potentially raising costs at a time when rising healthcare spending has become a national concern. Here is a list of the medical devices and technology that would be affected by the tariffs. U s china trade tensions continue to escalate as new tariffs took effect on september 1.

Imported about 5 billion worth of medical equipment from china before the trade war began. The administration has offered tariff relief for more than 100 of medical items from china including face masks sanitization products isolation gowns and more.