Trump sacrifices tariffs to tackle coronavirus, news by Hebei Longsheng
| Cardinal Health, Brady win as Trump sacrifices tariffs to tackle coronavirus The U.S. government has removed tariffs on medical supply imports from China. The exemptions cover 10 products including surgical gowns, masks, gloves and hand sanitizer imported by 27 companies. U.S. imports by all consignees from China – not just those exempted – were worth $3.68 billion in 2019, or 51.7% of total imported from all countries. The tariff saving in a full year would therefore be equivalent to $275 million, cutting U.S. healthcare costs during the COVID-19 coronavirus outbreak. U.S. imports from China had fallen by 10.4% in 2019 while those from Thailand, Mexico and Canada rose to compensate. Cardinal Health and Brady Corp. both won exemptions – Cardinal for gowns and gloves and for Brady including plastic ID bands among others. Panjiva’s seaborne data shows 59.4% of total U.S. seaborne imports linked to Cardinal Health came from China in 2019 while for Brady the ratio was 31.6%. Both had cut their imports from China in response to the tariffs. |
