March 28, 2025- Medical device makers, hospitals and other key health industries are pressing to gain exemptions under the Trump administration’s new tariff policy with the next actions to be unveiled on April 2, according to Axios. There is growing concern across the industry that the tariffs, as envisioned, could sharply drive up hospital costs and cause upheaval for pharmaceutical and med tech manufacturers. Large deals involving pharmaceutical and biotech companies are also stalling as executives grapple with mercurial White House economic policies that have roiled markets and set off a global trade war, according to Reuters.
Health industry professionals in a recent Black Book Research survey predicted that costs for hospitals and health systems will surge by at least 15% in the next six months due to increased import expenses, according to Axios.
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