President Trump’s tariffs are including a whole lot of hundreds of thousands of {dollars} in prices to particular person medical system corporations and diagnostic corporations. The largest producers are comparatively unbothered by it.
Boston Scientific, which makes a variety of medical units, expects to totally offset $200 million of tariffs this yr by means of increased gross sales and price cuts. The inventory worth of Intuitive Surgical, which makes the da Vinci surgical robotic system utilized in hospitals, soared final week after executives stated its merchandise made in Mexico would keep away from tariffs. Intuitive Surgical’s whole tariff hit for this yr: $165 million, or 1.7% of its annual income — higher than what traders feared.
Some corporations don’t count on to get dragged down in any respect from the tariffs. Resmed simply introduced its sleep apnea machines will proceed to be tariff-free due to a little-known exemption from the U.S. Customs and Border Safety.
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