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Reuters: Philips in Talks with US Over Medical Technology Import Probes
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Heartspace News Desk
•Source: Reuters
Photo by Peter Poluch on Unsplash
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Key takeaways
- Philips is engaging with Washington policymakers regarding new national security investigations into U
- medical technology imports, according to a Reuters report
- Department of Commerce has initiated "Section 232" investigations that could lead to increased import tariffs on a range of goods, including personal protective equipment, medical supplies such as syringes and infusion pumps, robotics, and industrial machinery
Philips is engaging with Washington policymakers regarding new national security investigations into U.S. medical technology imports, according to a Reuters report.
The U.S. Department of Commerce has initiated "Section 232" investigations that could lead to increased import tariffs on a range of goods, including personal protective equipment, medical supplies such as syringes and infusion pumps, robotics, and industrial machinery.
Philips acknowledges the limited details available but does not anticipate an immediate impact from the investigations. Following the disclosure, shares of Philips and several European med-tech companies experienced declines.
Related Topics
Philipsmedtechmedical technologyimportsinvestigationsregulationUS
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