There have been several updates to healthcare policies on Capitol Hill — here's a breakdown of which stakeholders are most likely to feel the heat:
on nearly all Chinese imports beginning September 1. Revealed via tweet last Thursday, Trump proposed that the tariff rate could be lowered, or raised — potentially to as high as 25% — for the $300 billion of Chinese imports yet to be caught up in the ongoing trade war, according to Medtech Dive.
In an apparent response, China's central bank let the value of the yuan drop 1.4% — the lowest value of the currency in a decade — in a move that Senior China Economist for Capital Economics Julian Evans-Pritchard told Reuters"suggests that they have all butIt's difficult to fully assess how such a drastic tariff increase might trickle down to US healthcare costs, but medical device lobbying group AdvaMed has expressed concerns.
If China in turn increases tariffs on US imports, that could undermine the strength of medical device suppliers: The US currently makes up more than 30% of China's med device and diagnostics imports.
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