March 18, 2025- President Donald Trump says he does not intend to create exemptions on steel and aluminum tariffs and reaffirmed that additional duties will go into effect early next month, according to USA Today. The 25% tariffs on all steel and aluminum imported into the U.S. that went into effect last week are here to stay, according to USA Today, and reciprocal and sectorial tariffs will kick in on April 2.
The effect could be costly for the medtech industry, and it is not clear whether tariffs directed at China, Mexico and Canada would be short- or long-term, according to MedTech Dive. Medical device companies rely on overseas sourcing, and they may be producing devices in the U.S. but sourcing raw materials and assemblies from other countries.