Medical Economics May 20, 2024
The move will increase the tariff on syringes and needles to 50%.
The Biden administration announced its plan to increase tariffs on Chinese-made medical supplies as part of a broader push to tax imports from the rival nation.
Syringes and needles will see a tariff rate increase from 0% to 50% this year. Meanwhile the tariff on PPE like face masks and respirators will increase from. 0-7.5% to 25% this year, according to a White House factsheet on the move.
The administration also plans an increase on rubber medical and surgical glove tariffs from 7.5% to 25% in 2026.
“These tariff rate increases will help support and sustain a strong domestic industrial base for medical supplies that were essential to...
Today's Sponsors
Today's Sponsor