17-May-18, ET Healthworld
A bipartisan group of 40 lawmakers have urged US Trade Representative Robert Lighthizer to remove USD3 billion worth of medical devices from China from the list of Chinese products which faces additional tariffs proposed by the Trump administration.
%20ET%20Healthworld.jpg "40 US lawmakers seek exemption on medical devices from China (c) ET Healthworld")
Image: ET Healthworld
"With its growing economy and middle class, rapidly aging population, and increased demand for medical technology, China will continue to be an attractive market for US manufacturers. With that in mind, we are concerned that inclusion of medical devices on any final Section 301 tariff list could lead to retaliation that would jeopardize these opportunities," the lawmakers said.
The two countries have not yet implemented their tariff increases to reach a negotiated settlement.