GlobalData highlights implications of US tariffs on IVD market
1 Articles
1 Articles
GlobalData highlights implications of US tariffs on IVD market
On April 2, the Trump administration announced tariffs on most US trading partners, including 125 per cent on China, 31 per cent on Switzerland, and 20 per cent on the EU. Days later, Trump announced a 90-day pause on some tariffs, but a 10 per cent baseline tariff remains. These tariffs are expected to impact all 510(k)-approved medical devices manufactured outside of the US (OUS). Thus, companies with OUS manufacturing will be affected by tari…
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