How the Canada, Mexico, China tariffs will affect healthcare
Read Article: Modern Healthcare
Article Summary: The new tariffs imposed by the Trump administration on imports from Canada, Mexico, and China will raise costs for medical products, including critical items like blood pressure cuffs, syringes, and N95 masks. As group purchasing contracts expire, healthcare organizations may face higher prices for essential products, potentially straining budgets and impacting patient care. Industry trade groups are advocating for exemptions, while some companies have already indicated that they may raise prices due to the tariffs.
The Risk:
Increased Medical Supply Costs: The tariffs on medical products from China, Mexico, and Canada will increase the cost of essential medical supplies such as syringes, masks, and gloves, potentially straining healthcare budgets. (Area: Operations) (Category: Supply Chain)