China Medical Equipment Tariff

Imported about 5 billion worth of medical equipment from china before the trade war began.

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. Here is a list of the medical devices and technology that would be affected by the tariffs. 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.

The administration has offered tariff relief for more than 100 of medical items from china including face masks sanitization products isolation gowns and more. U s china trade tensions continue to escalate as new tariffs took effect on september 1. Trump s tariffs now cover about 20 percent of those imports but that is less than were. Applications from 27 companies were.

Visit business insider s homepage. Cameras used in medical and surgical contexts are among the products now subject to a 25 import tax. The office of the united states trade representative ustr has granted tariff exclusions for face masks and other medical supplies imported from china. Businesses express an urgent need for more masks ventilators.

China responded with its own set of tax changes raising the tariffs on a set of products from 10 to 25 and imposing smaller levies on other imports. The trade war is hitting medical supplies and will be passed on to the consumer home.