Foreign media: Sino-U.S. war on trade is in danger | Billions of medical device industries are affected

Medical Network April 12 Recently, the Sino-US trade war has occupied the headlines of major media. First, US President Trump suddenly announced that it imposed tariffs on China’s total product amounting to US$50 billion, and then the Chinese government made Countermeasures of the same scale. Some days ago, it was reported that Trump was considering further expansion of the tax scope. These actions can be said to have caused a significant impact on the financial industry and even the real economy of China and the United States and even the world.

A few days ago, Fierce Biotech, the US information website, came to join in the 'buzzing' event. The people concerned believe that Trump’s policy may be against the United States. medical instruments The industry has caused adverse effects, which may even involve billions of dollars in size. The US related equipment manufacturers and patients are likely to pay for it.

Looking at Trump's taxation list, Trump claims that he hopes to reverse the damage to the US economy by imposing a 25% tariff on imported pacemakers, orthopedic implants and other equipment and force China to change. the way.

However, some professionals believe that this will not fundamentally solve the problem. The proportion of medical equipment and equipment currently exported to the United States is relatively small, and a considerable portion of these equipments are produced and sold by US companies in China.

Some market research companies also believe that this policy will harm the US medical device industry. For example, RBC Capital Markets believes that the medical device industry will pay more than US$1.5 billion for this, and AdvaMed believes that this figure may even reach 5 billion. Dollars.

These estimates are based on the fact that after years of development, China's medical device equipment has gradually begun to transition from low-value consumables such as gloves to high-end equipment with higher technological content. Once tariff policies are implemented, some equipment such as MRI and Products such as CT scanners, ultrasound instruments and knee implants will be significantly affected in the United States.

Therefore, it is easy to understand the resistance of the medical device industry to this policy. Greg Crist from AdvaMed believes that this action will undoubtedly affect the immediate interests of American patients.

Up to now, the U.S. Trade Representative Office is still soliciting opinions from medical device industry veterans on this taxation plan.