China Dangles Drug Carrot While Keeping Duty Stick in Reserve for America — Panjiva
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China Dangles Drug Carrot While Keeping Duty Stick in Reserve for America

China 3047 Health Care 362 U.S. 5398

The Chinese government has cut the duties on imports of 28 basic pharmaceuticals. That will likely drive further growth after a 16% rise in the first quarter and 12% annually over the past three years. U.S. exporters have been somewhat left behind, accounting for just 13% of the total in 2017. Their fortunes will be a function of broader trade relations between the two countries. So far pharmaceuticals have not been included in China’s retaliatory targets for section 232 or section 301 duties from the U.S. Drug exporters in the U.S. need improved access to the U.S., with total exports do...

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