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tariffs

AdvaMed wants more COVID-19-related tariff relief

April 29, 2020 By Nancy Crotti

MedTech trade group AdvaMed today urged the U.S. Office of the Trade Representative to reduce more tariffs for medical devices, components and supplies coming from China and needed in the fight against the coronavirus pandemic. In early March, U.S. trade officials exempted more than 100 such medical items manufactured in China from import tariffs in […]

Filed Under: Business/Financial News, Featured, Regulatory/Compliance Tagged With: AdvaMed, coronavirus, COVID-19, tariffs, U.S. Office of the Trade Representative

Europe waives tariffs, import taxes on COVID-19 medtech

April 3, 2020 By Nancy Crotti

The European Commission has decided to waive tariffs and value-added taxes (VAT) on certain medical devices and personal protective equipment (PPE) coming from outside the EU during the coronavirus pandemic. The measure includes testing kits, ventilators and other medical equipment and will remain in force for six months, the commission said today. Get the full […]

Filed Under: Business/Financial News, Diagnostics, Featured, Hospital Care, Respiratory Tagged With: coronavirus, COVID-19, European Commission, European Union, tariffs

Coronavirus highlights U.S. reliance on drugs, medical products made in China

March 13, 2020 By Chris Newmarker

The coronavirus pandemic has cast a spotlight on U.S. reliance on pharmaceuticals made in China, with the Trump administration reportedly considering actions to increase demand for American-made drugs and medical products. The executive order in coming days would likely close loopholes that allow the federal government to buy foreign-made pharmaceutics and medical devices, The New […]

Filed Under: Business/Financial News, Pharmaceutical, Regulatory/Compliance Tagged With: China, coronavirus, tariffs

10 medical device industry stories you need to know

December 27, 2019 By Chris Newmarker

From leadership changes to tax repeal to robots — lots of robots — this was a busy year for the medical device industry. Here are 10 stories in the medtech space that especially caught the eye of MassDevice and Medical Design & Outsourcing editors and readers in 2019. Next>>

Filed Under: 510(k), Business/Financial News, Featured, Food & Drug Administration (FDA), News Well, Orthopedics, Regulatory/Compliance, Robotics, Surgical Tagged With: Abbott, ethylene oxide, EU MDR, FDA, Intuitive Surgical, Johnson & Johnson, Medtronic, robot-assisted, Stryker, tariffs, Theranos, Women in Medtech

Could the U.S.-China trade war stifle medical device innovation?

October 1, 2019 By Chris Newmarker

Makers of high-value medical devices such as MRI machines will likely swallow the cost of the U.S.-China trade war, but that means cutting R&D and other costs, according to a new report from Frost & Sullivan. The report — “U.S.-China Tariff War Implications for the Healthcare Industry” — also predicts that when it comes to […]

Filed Under: Business/Financial News, Featured, News Well, Research & Development Tagged With: China, Frost & Sullivan, tariffs

These 7 trends matter the most for medtech in 2019

August 2, 2019 By Chris Newmarker

The medical device industry is experiencing another eventful year in 2019. Medtech companies face many headwinds, from the U.S.-China trade war to an FDA under fire. But the industry is also seeing the rise of new technologies — especially robot-assisted surgery. In fact, so many major companies are getting involved in robot-assisted surgery that some […]

Filed Under: Business/Financial News, Featured, Food & Drug Administration (FDA), News Well, Robotics Tagged With: China, ethylene oxide, FDA, Intuitive Surgical, Medtronic, Robotic Surgery, sterigenics, Stryker, tariffs

The U.S.-China trade war: Here’s what it means for medical device industry suppliers

July 24, 2019 By Chris Newmarker

If the tariffs actually make a country great again, it might be Malaysia, Vietnam or Costa Rica, global medical device industry suppliers say. The U.S.-China trade war is certainly affecting where U.S. medical device companies decide to make their products. But don’t expect a bunch of manufacturing to come back to the United States. “They […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, News Well Tagged With: Bonifacio Consulting Services, China, Freudenberg Medical, Polaris Contract Manufacturing, Sanmina Corp., tariffs

These medical devices are exempt from the Trump tariffs on China

July 10, 2019 By Brad Perriello

The U.S. yesterday exempted several categories of medical devices from the 25% tariffs imposed on Chinese goods by the Trump administration, including surgical, radiotherapy and dental devices. The Office of the U.S. Trade Representative said the new exclusions are retroactive to July 6, 2018, when tariffs went into effect on some $34 billion in imports […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: Capitol Hill, Office of the U.S. Trade Representative, tariffs

Stents, knee implants undergird Trump’s new trade war with India

March 5, 2019 By Brad Perriello

The Trump administration yesterday opened hostilities in a pair of new trade wars, using India’s price caps on coronary stents and knee implants as the centerpiece of the new policy there. The White House said it plans to end India’s preferential trade status in 60 days under the Generalized System of Preference. “India’s termination from […]

Filed Under: Business/Financial News, Featured, Orthopedics, Stents, Wall Street Beat Tagged With: India, tariffs

Here are the top 5 medtech stories of mid-2018

July 13, 2018 By Chris Newmarker

A growing U.S. trade war with China and other countries casts a pall on medtech — and U.S. business in general — in mid-2018. The landscape of the medical device industry continues to evolve, though. There’s a major corporate spinout in the works, as well as a mega-merger that apparently was not to be. Read […]

Filed Under: Business/Financial News, Emerging Markets, Food & Drug Administration (FDA), Mergers & Acquisitions, News Well, Regulatory/Compliance Tagged With: AI, Boston Scientific, China, Donald Trump, GE Healthcare, IBM Watson Health, Pelvic Mesh Lawsuits, Stryker, tariffs

Trump tariffs place nearly $1 billion in duties on the medtech industry

July 10, 2018 By Danielle Kirsh

The U.S. medical device industry is facing nearly $1 billion in tariffs from the Trump administration, about $4 billion less than what was originally expected, according to AdvaMed. Customs and Border Protection began collecting the additional duties on July 6. The Trump administration announced in April that it intended to impose tariffs on $50 billion […]

Filed Under: Business/Financial News Tagged With: AdvaMed, Donald Trump, tariffs

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