In the latest in an international trade war, China has announced plans to place tariffs on imported U.S. goods worth $60 billion worth beginning Sept. 24, in retaliation against President Donald Trump's plan to impose tariffs on $200 billion worth of Chinese goods, NPR reports.
China has set 5 to 10 percent tariffs on $60 billion worth of U.S. products, including more than 5,000 items. China’s Commerce Ministry has also accused the U.S. of causing an “economic emergency” in China, according to NPR.
Trump said the new tariffs are in response to how China’s current trade practices "plainly constitute a grave threat to the long-term health and prosperity of the United States economy,” NPR reported. Trump threatened China with the $200 billion tariffs in August.
The effects of this trade war could be felt by companies in the American healthcare sector, specifically including those in medical imaging.
See NPR’s entire article below.
A recent graduate from Dominican University (IL) with a bachelor’s in journalism, Melissa joined TriMed’s Chicago team in 2017 covering all aspects of health imaging. She’s a fan of singing and playing guitar, elephants, a good cup of tea, and her golden retriever Cooper.