Forbes February 3, 2025
The lobby for medical device makers including Abbott Laboratories, Johnson & Johnson and Medtronic is seeking an exemption from Donald Trump’s tariffs they say will devastate the industry with higher costs and lead to massive job loss.
The Advanced Medical Technology Association, known as AdvaMed, is concerned about about tariffs on medical products from Canada, Mexico, and China. Many of its member medical device makers make everything from heart devices and orthopedic products to life-saving ventilators in these countries.
The White House has said Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada, however, will have a lower 10% tariff, the Trump administration...
Today's Sponsors
Today's Sponsor