Trade war China has hit back at tariffs on medical devices imposed on the United States and Canada

The Sino-US trade war continues and involves medical device products.China's counterattack
Following the U.S. government's June 15 release of a list of tariff-imposed goods that would impose a 25 percent tariff on about $50 billion in imports from China, on June 16, the State Council's Committee on Tariffs and Tariffs announced that the State Council's Committee on Tariffs and Tariffs had decided to impose a 25 percent tariff on 659 imports of about $50 billion originally from the United States.
statement pointed out that the U.S. measure violates the relevant rules of the World Trade Organization, is contrary to the consensus reached in the consultations between China and the United States, seriously infringes our legitimate rights and interests, and threatens the interests of our country and people.
china imposes the same tariffs on goods of the same amount as the United States, in accordance with laws and regulations such as the Foreign Trade Law of the People's Republic of China, the Regulations on Import and Export Tariffs of the People's Republic of China and the basic principles of international law.
like the United States, the United States has imposed tariffs on about $34 billion of goods since July 6, 2018, and has begun to consult the public on tariffs on about $16 billion of goods.
While China, tariffs will be imposed on 545 commodities such as agricultural products, automobiles and aquatic products from July 6, 2018, and on 114 commodities, including chemicals, medical equipment and energy products, the time for the implementation of tariffs will be announced separately.
means that tariffs on U.S. imports of related medical equipment are pending and should be carried out at the pace of the U.S.involving six major tax items of medical equipment
China's tariff on the United States, including the following six categories:
90181310 MRI complete set of devices
90181930 patient monitor
90185000 other instruments and appliances for ophthalmology
90189099 tax 90 .18 Unlisted medical, surgical or veterinary instruments and appliances
90221400 Other medical, surgical or veterinary X-ray application equipment
90229090 Tax item 90.22 Other equipment and parts, accessories
Of these six items, the most important concern is "MRI sets of devices", i.e. imports of the whole machine will be subject to a 25% tariff.
According to data released in late March by eight institutions, including China Medical Devices, Germany's Siemens accounted for 35.1% of the domestic market share of MRI products, GENERAL Electric of the United States accounted for 30.4%, Philips of the Netherlands 22%, Canon of Japan 10.7%, China's 7.4% of Edo soft, China's Co-image accounted for 1.1% and the other 0.5%.
can be seen from above, once the United States nuclear magnetic resonance machine imports of 25% tariff, the most likely to be affected by who, we all understand. The beneficiaries are their corresponding competitors. In the context of accelerated import substitution, will the opportunities for domestic brands be greater?
and guardianship market share, Murray as high as 64.8 percent, Philips 17.7 percent, GE 3.8 percent, Libang, Paulette, photoelectrarial, Coman and so on enjoy the remaining share. It is not yet expected to have a big impact on any U.S. business.10 equipment products, parts duty-free this year
In December last year, the Ministry of Finance, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the General Administration of Customs, the General Administration of Taxation, the Energy Bureau has jointly issued a paper - "On the adjustment of major technical equipment import tax policy related to the directory notice", decided to start from January 1, 2018 to adjust the import tax policy of major technical equipment three catalogues.
In order to implement the relevant requirements of the State Council on the adjustment and revitalization of the equipment manufacturing industry, in 2009, the Ministry of Finance and six other departments jointly issued a major technical equipment import tax policy, for domestic enterprises that meet the prescribed conditions for the production of major technical equipment or products supported by the state to import some key components and raw materials, exempt from customs duties and import value-added tax.
in the first few years after the implementation of the policy, medical equipment has not been able to enter the product, did not enjoy the key components and raw materials duty-free preferential treatment, but are not exempt from tax.
December 2015, three catalogues were revised again, and for the first time three medical equipment products were included in the catalogue of major technical equipment and products supported by the State, thus enjoying the duty-free benefits of importing some key components and raw materials from domestic enterprises.
's seven new additions include: digital mammography machines, medical angiography X-ray machines, mammography ultrasound light scattering diagnostic systems, DR, magnetic resonance or CT guidance in real-time navigation equipment, medical electronic linear accelerators, hemodialysis machines.
At present, a total of 10 medical equipment products, the first to enjoy the country's parts and raw materials duty-free policy, such as DR dynamic tablets, mammary X-ray machine detectors, superconducting magnetic resonance superconducting magnets, PET-CT photomplier tubes and silicon photoelectronic conversion chips, etc., are in the tax-exempt ranks.
this is undoubtedly better than the domestic production enterprises to expand the import of key components and raw materials, and reduce costs, accelerate the transformation and upgrading of technology and product quality, accelerate domestic alternative imports.
the future, unsurprisingly, as one of the key areas of development for Chinese manufacturing, more medical device products will be gradually incorporated into the major technical equipment and product catalogs, enjoying duty-free benefits for parts and raw materials. (Cypress Blue Equipment)