14. Medicines and medical devices
Do you take birth control pills? Need a vaccine? Or maybe plan on getting a knee or hip replacement?
Trump’s proposed China tariffs list includes dozens of drugs and medical devices, such as epinephrine, used to treat allergic reactions, and insulin, used to treat diabetes.
RBC Capital Markets estimated those proposed tariffs, if they take effect, will cost the medical device industry up to $1.5 billion each year, The New York Times News Service reported. The higher costs could result in price hikes largely affecting baby boomers, who are big recipients of hip and knee replacements.