Becker's Healthcare March 17, 2025
New tariffs levied against major U.S. trade partners including Mexico, Canada, China and the EU are affecting nearly all industries and consumers nationwide, and the medical device industry is no exception.
President Donald Trump’s tariff plan was expected to affect the prices of approximately 75% of medical devices marketed in the U.S., according to a Nov. 22, 2024, report from consulting firm GlobalData’s Medsource Database. Around 69% of U.S. marketed medical devices are manufactured solely outside of the U.S.
Despite the effect of tariffs nationwide, nearly half of Americans still support President Trump’s current tariff agenda.
According to an NBC News...
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