by
John R. Fischer, Senior Reporter | September 26, 2018
The second, issued as a warning in August, will affect approximately $60 billion in products imported from the U.S., with impacted medical supplies ranging from X-ray tubes to gamma-ray equipment.
Tariffs issued by Trump have primarily targeted components made in China for medical devices, putting certain divisions of the healthcare technology industry at more of a disadvantage than others, such as imaging.
The $200 billion issued by the U.S. is set to increase from 10 to 25 percent at the end of the year, with Trump threatening to levy an additional $267 billion on Chinese products, effectively covering all annual good exports from China to the U.S., according to a
CNN report.
China has yet to issue a response to this matter and is running out of products to target, due to importing a smaller amount than the U.S. Analysts, however, say it could potentially use alternative form of retaliation, including charging even higher tariffs, imposing import quotas, restricting the travel of Chinese citizens to the United States for study and tourism, and slashing taxes for companies affected by the tariffs.
"China is growing concerned that the U.S. motivation is now trying to keep China down and contain it," Timothy Stratford, a managing partner at law firm Covington & Burling in Beijing,
told CNNMoney. "I expect that we're going to have a deadlock for some time."
Though many within the industry would prefer to avoid imposing tariffs on China, some figures have expressed gratitude for the Trump administration's efforts to stand up to China for its unfair trade practices, with AdvaMed chair Nadim Yared, president and CEO of implant device maker CVRx Inc., saying that the president has shone a "spotlight" on unfair trade practices of some multinational enterprises based in the East Asian country.
For the complete list of U.S. tariffs, please click
here.
HCB News will continue to monitor this story and provide relevant updates as they occur.Back to HCB News
Michael Masciulli
Derogatory reference to the President of the United States
September 28, 2018 09:28
To the writer:
Due to your inability to be a real journalist and keep your personal feelings out of a story, you have yet another person that will forever negate anything you write with the term âFAKE NEWSâ
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Gus Iversen
re: Derogatory reference to the President of the United States
September 28, 2018 05:26
Thank you, Michael. The author and I were both very upset to discover the part of the story your comment was in reference to. We have revised it and have figured out what happened.
I have already emailed you, but wish to follow up more publicly in case there are others who were offended:
The culprit, in this case, was a browser extension one of our remote copy editors had on their computer, which automatically changed certain words. At the copy editor's request, I want to share his comment:
"There was no intention involved and it was not meant to editorialize about the president or his policies. All I can do is offer my sincere apology and the assurance that it will not happen again. HCB News is completely apolitical and it is the intention of the editorial group to keep it that way. This was my carelessness alone, and I take responsibility for it, and for any trouble it has caused."
I want to stress that the author of this article has exceptional journalistic integrity, and I think the content of the story itself is a testament to that.
In these politically polarizing times, the media is under intense scrutiny to report in ways that are fair and balanced. Letting childish jokes enter into articles is inexcusable and I sincerely apologize to anyone we have offended. The browser extension has been deleted and this will not happen again.
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Carl Di Joseph
re: re: Derogatory reference to the President of the United States
October 08, 2018 08:56
An example of a browser extension or a 1984 Orwellian threat coming alive. We don't want computer oversight changing ANY message the writer had intended.
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