Exemptions of Chinese medtech devices should help avoid a hike in the cost of care for routine procedures:
But the uncertainty surrounding the Trump administration's long-term plans with Chinese imports has put the medtech industry on high alert: The US comprises more than
of China's medical device and diagnostics imports, per MedTech Dive. So, if the trade war heats up and China retaliates with increased tariffs on US imports, US companies could have serious difficulties maintaining a business presence in the region.Exemptions of Chinese medtech devices should help avoid a hike in the cost of care for routine procedures, like X-rays and MRI screenings.
Executives on several earnings calls warned about the potential consequences of an increased tariff rate, noting that the increased costs on company supply lines couldand that those costs may end up passed on to consumers as increased out-of-pocket costs and increased prices for basic health supplies, like latex gloves and bandages.
And Michael Einhorn, president of medical supply distributor Dealmed, cautioned in an interview with Yahoo Finance that"The reality is:across the board… Not only because of tariffs, but because what's happening behind the scenes, and [that is] the disruption of the supply chain." Exempting many Chinese medtech components, like parts for X-ray machines and MRIs, should help stave off the worst of these potential impacts, at least for now.
But US medtech companies' future revenues abroad still hinge on the outcome of a US-China trade war that is quickly dissolving into a quagmire with no end in sight. For its part, China announced earlier this month that certain medtech components used in radiation oncology would be
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