Tariffs, or taxes imposed on imported goods, play a significant role in global trade. While they are often implemented to protect domestic industries, they can also lead to unintended consequences, particularly in sectors like healthcare and healthtech.
Given the United States healthcare system's reliance on imported medical devices, pharmaceuticals, and other essential supplies, tariffs can impact costs, accessibility, and innovation.
kAmu@C 2 =@?8 E:>6[ E2C:77D 92G6 366? FD65 2D 2? 64@?@>:4 E@@= E@ 4@?EC@= EC256[ 6?4@FC286 5@>6DE:4 AC@5F4E:@?[ 2?5 86?6C2E6 8@G6C?>6?E C6G6?F6] w:DE@C:42==J[ E2C:77D EJA:42==J 92G6 366? FD65 E@ AC@E64E =@42= :?5FDEC:6D 7C@> 7@C6:8? 4@>A6E:E:@?j 9@H6G6C[ E96J 42? 2=D@ =625 E@ EC256 5:DAFE6D[ C6E2=:2E@CJ >62DFC6D[ 2?5 :?4C62D65 4@?DF>6C 4@DED]k^Am
kAmx? 962=E942C6[ E2C:77D @7E6? 4C62E6 492==6?86D 3J :?4C62D:?8 E96 AC:46 @7 :>A@CE65 >65:42= 8@@5D] $:?46 E96 &]$] :>A@CED 2 =2C86 A@CE:@? @7 :ED >65:42= DFAA=:6D[ :?4=F5:?8 >65:42= 56G:46D[ A92C>246FE:42=D[ 5:28?@DE:4 6BF:A>6?E[ 2?5 DFC8:42= :?DECF>6?ED[ 9:896C E2C:77D @? E96D6 8@@5D 4@F=5 EC2?D=2E6 :?E@ :?4C62D65 4@DED 7@C 9@DA:E2=D[ 962=E942C6 AC@G:56CD[ 2?5 F=E:>2E6=J[ A2E:6?ED]k^Am
kAmp55:E:@?2==J[ EC256 C6DEC:4E:@?D 42? 42FD6 DFAA=J D9@CE286D[ >2<:?8 6DD6?E:2= >65:42= 8@@5D 92C56C E@ @3E2:? 5FC:?8 E:>6D @7 4C:D:D[ DF49 2D A2?56>:4D @C ?2EFC2= 5:D2DE6CD]k^Am
kAmk6>mz6J &]$] w62=E942C6 U2>Aj w62=E9E649 x>A@CEDk^6>mk^Am
kAm%96 &]$]’D 3:886DE >65:42= DFAA=J EC25:?8 A2CE?6CD 2C6 r2?252[ |6I:4@[ 2?5 r9:?2] $@>6 @7 E96 >@DE D:8?:7:42?E 962=E942C6\C6=2E65 :>A@CED :?4=F56ik^Am
kF=mk=:mk6>m|65:42= s6G:46Dik^6>m %96 k2 9C67lQ9EEADi^^HHH]364<6CD9@DA:E2=C6G:6H]4@>^DFAA=J\492:?^H9:E6\9@FD6\F?G6:=D\E2C:77\A=2?\f\962=E942C6\E2<62H2JD]9E>=Q C6=lQ?@7@==@H ?@@A6?6CQm&]$] :>A@CEDk^2m @G6C ehT @7 :ED >65:42= 56G:46D[ @7 H9:49 `b]hT 2C6 7C@> r9:?2] pD @7 |2J a_ac[ k2 9C67lQ9EEADi^^HHH]292]@C8^a_ac\_f\_`\724E\D966E\:>A24E\E2C:77D\962=E9\42C6\6BF:A>6?EQ C6=lQ?@7@==@H ?@@A6?6CQmS`c]hq H@CE9 @7 >65:42= 6BF:A>6?Ek^2m H2D :>A@CE65]k^=:mk=:mk6>m!92C>246FE:42=Dik^6>m %96 &]$] D@FC46D E96 3F=< @7 :ED 24E:G6 A92C>246FE:42= :?8C65:6?ED Wp!xDX 7C@> 4@F?EC:6D DF49 2D x?5:2 2?5 r9:?2]k^=:mk=:mk6>m!6CD@?2= !C@E64E:G6 tBF:A>6?E W!!tXik^6>m u246 >2D<D[ 8=@G6D[ 2?5 8@H?D 2C6 AC:>2C:=J D@FC465 7C@> r9:?2 2?5 $@FE962DE pD:2]k^=:mk=:mk6>mq:@E649 2?5 {23 tBF:A>6?Eik^6>m |2?J 3:@E649 4@>A@?6?ED 2?5 C6D62C49 E@@=D 4@>6 7C@> tFC@A6 2?5 pD:2]k^=:mk=:mk6>mx>28:?8 2?5 s:28?@DE:4 tBF:A>6?Eik^6>m |#x >249:?6D[ r% D42??6CD[ 2?5 F=EC2D@F?5 >249:?6D 2C6 k2 9C67lQ9EEADi^^@64]H@C=5^6?^AC@7:=6^3:=2E6C2=\AC@5F4E^>C:\>249:?6D^C6A@CE6C^FD2Q C6=lQ?@7@==@H ?@@A6?6CQm:>A@CE65k^2m 7C@> r9:?2[ v6C>2?J[ 2?5 %96 }6E96C=2?5D]k^=:mk^F=m
kAmk6>m%96 r@DE @7 %96D6 x>A@CEDk^6>mk^Am
kAmp44@C5:?8 E@ EC256 52E2[ E96 &]$] DA6?E 2AAC@I:>2E6=J k2 9C67lQ9EEADi^^HHH]292]@C8^a_ac\_f\_`\724E\D966E\:>A24E\E2C:77D\962=E9\42C6\6BF:A>6?EQ C6=lQ?@7@==@H ?@@A6?6CQmS`ce]h 3:==:@?k^2m @? >65:42= DFAA=J :>A@CED :? a_ab 2=@?6] u@C 9@DA:E2=D[ :>A@CED 4@>AC:D6 2AAC@I:>2E6=J `_]dT @7 E96 3F586E] %96 4@DE @7 E96D6 :>A@CED 5:C64E=J 27764ED E96 AC:4:?8 @7 962=E942C6 D6CG:46D[ 2D 9@DA:E2=D 2?5 962=E942C6 AC@G:56CD 56A6?5 @? E96> E@ 56=:G6C k2 9C67lQ9EEADi^^=2?82C9@=5:?8D]4@>^64>@\EC62E>6?E\56G:46^Q C6=lQ?@7@==@H ?@@A6?6CQmA2E:6?E 42C6k^2m 677:4:6?E=J] %96 4@>A=6I:EJ @7 8=@32= DFAA=J 492:?D >62?D E92E 6G6? >:?@C EC256 5:DCFAE:@?D 42? =625 E@ D:8?:7:42?E AC:46 7=F4EF2E:@?D]k^Am
kAmk6>mw@H w:896C %2C:77D p7764E w62=E942C6 x>A@CEDk^6>mk^Am
kAm(96? E2C:77D 2C6 :>A@D65 @? 962=E942C6 2?5 962=E9E649 AC@5F4ED[ E96 5:C64E :>A24E :D 2 5@>:?@ 67764E E9C@F89@FE E96 :?5FDECJik^Am
kF=mk=:mk6>mw:896C r@DED 7@C w@DA:E2=D 2?5 r=:?:4Dik^6>m |65:42= :?DE:EFE:@?D >FDE A2J >@C6 7@C 6DD6?E:2= DFAA=:6D[ H9:49 42? =625 E@ 3F586E 4@?DEC2:?ED 2?5 C65F465 D6CG:46 @776C:?8D]k^=:mk=:mk6>mx?4C62D65 r@DED 7@C !2E:6?EDik^6>m #:D:?8 DFAA=J 4@DED 2C6 @7E6? A2DD65 5@H? E@ A2E:6?ED E9C@F89 9:896C :?DFC2?46 AC6>:F>D[ @FE\@7\A@4<6E 6IA6?D6D[ 2?5 D6CG:46 766D]k^=:mk=:mk6>m$FAA=J r92:? s:DCFAE:@?Dik^6>m %2C:77D 42? 7@C46 DFAA=:6CD E@ D9:7E AC@5F4E:@?[ =625:?8 E@ 56=2JD :? @3E2:?:?8 4C:E:42= >65:42= 6BF:A>6?E]k^=:mk=:mk6>mx>A24E @? x??@G2E:@?ik^6>m x?4C62D65 4@DED 7@C :>A@CE65 C6D62C49 6BF:A>6?E 2?5 3:@E649 4@>A@?6?ED 42? D=@H 5@H? :??@G2E:@? :? 962=E9E649[ 27764E:?8 E96 56G6=@A>6?E @7 ?6H EC62E>6?ED 2?5 >65:42= E649?@=@8:6D]k^=:mk=:mk6>mx>A24E @? $>2== w62=E942C6 !C@G:56CDik^6>m x?56A6?56?E 4=:?:4D 2?5 D>2==6C 9@DA:E2=D >2J DECF88=6 >@C6 E92? =2C86 9@DA:E2= ?6EH@C<D[ =625:?8 E@ A@E6?E:2= 4@?D@=:52E:@?D @C 4=@DFC6D]k^=:mk=:mk6>mx?4C62D65 v@G6C?>6?E $A6?5:?8ik^6>m !F3=:4 962=E942C6 AC@8C2>D DF49 2D |65:42C6 2?5 |65:42:5 >2J 6IA6C:6?46 3F586E DEC2:? 2D E96J >FDE 4@G6C 9:896C 4@DED 7@C 6DD6?E:2= >65:42= DFAA=:6D]k^=:mk^F=m
kAm}@H[ =6E’D 4@?D:56C 2 A@E6?E:2= C62=\H@C=5 6I2>A=6 @7 9@H E2C:77D >2J EC:4<=6 5@H? :?E@ E96 >2C<6E]k^Am
kAm{6E’D 6I2>:?6 9@H 2 a_T E2C:77 @? !!t :>A@CED 7C@> r9:?2 H@F=5 :>A24E E96 7:?2= 4@DE] {6E’D 2DDF>6 2? g_T A2DD\E9C@F89 C2E6 W:]6][ E96 :>A@CE6C A2JD `eT[ 2?5 E96 >2?F724EFC6C A2JD E96 C6>2:?:?8 cTXj E96 >2?F724EFC6C H:== =:<6=J 7:?5 H2JD E@ >2:?E2:? :ED AC@7:E E9C@F89 D@>6 4@>3:?2E:@? @7 4@DE\4FEE:?8 2?5 AC@5F4E:G:EJ\:?4C62D:?8 2AAC@2496D]k^Am
kAm%96 :>A@CE6C[ 9@H6G6C[ :D =:<6=J E@ 6IE6?5 :ED `eT :?4C62D6 :? 4@DE 5:C64E=J E@ :ED 4FDE@>6CD] #6E2:=6CD E92E C6D6== E96 !!t H:== A2J `eT >@C6] %92E >62?D E96J’== 6IE6?5 E96 `eT :?4C62D6 E@ 4@?DF>6CD DF49 E92E E96 AC:46 @7 >2D<D[ 8=@G6D[ 6E4][ @?=:?6 @C :? 3C:4<\2?5\>@CE2C[ H:== ?@H 36 `eT 9:896C] x7 E96C6 2C6 5@>6DE:42==J AC@5F465 2=E6C?2E:G6D[ E9@D6 H:== =:<6=J D6== 72DE6C F?E:= E9@D6 >2?F724EFC6CD 564:56 E96J 42? C2:D6 E96:C AC:46D E@ 2=:8? H:E9 E96 ?6H AC:46D @7 :>A@CEDj :? @E96C H@C5D[ H6’== D66 AC:4:?8 F>3C6==2 67764ED]k^Am
kAm%96 :>A24ED H:== 36 >@C6 :?D:5:@FD :? 962=E942C6 724:=:E:6D E92E C6=J @? 3FE 5@?’E C6D6== !!t] %96D6 724:=:E:6D 2=C625J @A6C2E6 @? =@H >2C8:?D] %@ 4@>A6?D2E6 7@C E96:C `eT :?4C62D65 6IA6?D6D @? !!t[ E96J H:== 92G6 E@ 564C62D6 6IA6?D6D 6=D6H96C6—76H6C 6>A=@J66D[ C65F465 BF2=:EJ :? E96 4276E6C:2[ 6E4]— @C :?4C62D6 AC:46D H96C6 E96J 42?— A2C<:?8 9@FC=J C2E6[ 6E4] &=E:>2E6=J[ A2E:6?ED 2?5 AC@G:56CD H:== A2J E96 `eT :?5:C64E=J[ 2?5 3@E9 A2E:6?E 2?5 AC@G:56C D2E:D724E:@? H:== 564=:?6]k^Am
kAm%@ G:DF2=:K6 E9:D 6I2>A=6 7FCE96C[ =6E’D 5@ E96 >2E9] x7 2 3@I @7 D:?8=6\FD6 8=@G6D FD65 E@ 4@DE S`]__[ H:E9 E96 ?6H E2C:77D[ E96 4@DE 8@6D FA E@ S`]`e] x7 2 9@DA:E2= FD6D a__ 3@I6D A6C 52J[ :ED DA6?5:?8 >2J :?4C62D6ik^Am
kAmWa__×f IS`]`eX\Wa__IfIS`]__XlSaac A6C H66<— =6E’D 42== :E S`___^>@?E9]k^Am
kAmp?5 E92E’D ;FDE 8=@G6D] s6A6?5:?8 @? E96 D:K6 @7 E96 9@DA:E2= 2?5 E96 24F:EJ @7 A2E:6?ED :E D6CG6D[ E96D6 ?F>36CD 4@F=5 36 9:896C] x>28:?6 ?@H[ E96 5:776C6?46 :? 4@DE H96? :E 4@>6D E@ >65:42= 56G:46D 2?5 >65:42E:@?D] pD E96 6IA6?D6D 8C@H[ 9@DA:E2=D H@?’E 36 23=6 E@ 23D@C3 E96 E2C:77D] #2E96C[ E96 :>A24E H:== 36 >62DFC65 :? ;@3D… ;@3D H:== 36 4FE E@ >2:?E2:? @A6C2E:?8 >2C8:?D] k^Am
kAmk6>mv@:?8 u@CH2C5i %9:?8D E@ r@?D:56Ck^6>mk^Am
kAm(9:=6 E2C:77D 2C6 @7E6? :>A=6>6?E65 H:E9 E96 8@2= @7 AC@E64E:?8 5@>6DE:4 :?5FDEC:6D[ A@=:4J>2<6CD >2J 4@?D:56C 2=E6C?2E:G6 D@=FE:@?D E@ AC6G6?E ?682E:G6 k2 9C67lQ9EEADi^^=2?82C9@=5:?8D]4@>^492E3@ED\=2?8F286\>@56=D\:>A24E\962=E942C6^Q C6=lQ?@7@==@H ?@@A6?6CQm:>A24ED @? 962=E942C6k^2mik^Am
kAmk6>mt?4@FC28:?8 s@>6DE:4 !C@5F4E:@?ik^6>m x?G6DE:?8 :? 5@>6DE:4 >2?F724EFC:?8 7@C 4C:E:42= >65:42= DFAA=:6D 4@F=5 C65F46 56A6?56?46 @? :>A@CED 2?5 =6DD6? E2C:77\C6=2E65 4@DE :?4C62D6D] W(9:=6 E9:D :D F=E:>2E6=J E96 36DE =@?8\E6C> D@=FE:@?[ :E 42? E2<6 E:>6 E@ 3667 FA AC@5F4E:@? E@ =6G6=D H96C6 @FEAFE :D 23=6 E@ >66E 56>2?5]X k6>m}68@E:2E:?8 %C256 p8C66>6?EDik^6>m u@C>:?8 28C66>6?ED H:E9 <6J EC25:?8 A2CE?6CD 42? 96=A 6?DFC6 E96 D>@@E9 7=@H @7 6DD6?E:2= >65:42= 8@@5D H:E9@FE 6I46DD:G6 E2C:77D] k6>m%2C:77 tI6>AE:@?D 7@C rC:E:42= |65:42= v@@5Dik^6>m v@G6C?>6?ED 42? :>A=6>6?E 6I6>AE:@?D 7@C 962=E942C6\C6=2E65 :>A@CED E@ 6?DFC6 2446DD:3:=:EJ 2?5 277@C523:=:EJ] W{:<6=J E96 36DE D9@CE\E6C> D@=FE:@? 5FC:?8 ?68@E:2E:@?D]X k6>ms:G6CD:7J:?8 $FAA=J r92:?Dik^6>m t?4@FC28:?8 962=E942C6 AC@G:56CD 2?5 DFAA=:6CD E@ 5:G6CD:7J E96:C D@FC4:?8 DEC2E68:6D 42? >:E:82E6 E96 C:D<D @7 DFAA=J 5:DCFAE:@?D 5F6 E@ E2C:77D] Wp <6J 6I2>A=6 :D E96 >2D< 2?5 !!t D9@CE286 6IA6C:6?465 5FC:?8 E96 r@G:5\`h A2?56>:4] %96 3F=< @7 E96D6 DFAA=:6D 2C6 :>A@CE65 7C@> r9:?2] u:?5:?8 @E96C D@FC46D 3642>6 4C:E:42= 5FC:?8 E92E E:>6]Xk^Am
kAm%2C:77D @? 962=E942C6 2?5 962=E9E649 :>A@CED 42? 92G6 D:8?:7:42?E C6A6C4FDD:@?D[ 27764E:?8 6G6CJE9:?8 7C@> E96 AC:46 @7 k2 9C67lQ9EEADi^^=2?82C9@=5:?8D]4@>^>65:42=\C@3@E:4D\:>AC@G6\42C6^Q C6=lQ?@7@==@H ?@@A6?6CQm>65:42= DFAA=:6D E@ A2E:6?E 2446DD E@ 42C6k^2m] (9:=6 E2C:77D >2J 2:> E@ 3@@DE 5@>6DE:4 AC@5F4E:@?[ E96J @7E6? C6DF=E :? :?4C62D65 4@DED 2?5 DFAA=J 492:? 5:DCFAE:@?D]k^Am
kAmxEVD :>A@CE2?E E92E A@=:4J>2<6CD H6:89 E96D6 724E@CD 42C67F==J E@ 6?DFC6 E92E E2C:77 A@=:4:6D 5@ ?@E ?682E:G6=J :>A24E E96 962=E942C6 D64E@C 2?5[ F=E:>2E6=J[ A2E:6?E H6==\36:?8]k^Am