The Impact of Tariff Policies on the Medical and Pharmaceutical industry in the Context of the China-U.S. Trade War

Abstract

In this paper, we focus on the impact of tariff policies set by both China and the US on the medical and pharmaceutical industries during the Sino-US trade war. We divide the paper into three parts. The first part provides a brief introduction to relevant information. The second part concentrates on the negative impact of US tariffs on China’s medical industry. The third part discusses the impact of China’s tariff policies on the US pharmaceutical industry. Through these three parts, we have discussed the impact of tariff policies on both sides of the Sino-US trade war, making people realize that the trade war is not only harmful to one side but also has different degrees of impact on both sides. This also helps people have a better and more comprehensive understanding of the challenges and crises faced by the medical and pharmaceutical industries in the Sino-US trade war.