Dental practice owners are bracing for potential price increases for supplies and equipment as part of President Donald Trump’s tariff plan.
President Trump’s 25% tariffs on goods from Mexico and Canada went into effect March 4, but they were later partially delayed until April 2 as long as the countries’ imports comply with the U.S.-Mexico-Canada Agreement signed during Mr. Trump’s first term.
Only about 50% of the goods the U.S. imports from Mexico and 38% of the goods from Canada comply with the terms of that agreement, CNN reported March 10.
President Trump also imposed a 20% tariff on imports from China March 4, which is still fully in effect despite the delays granted to Canada and Mexico. Tariffs are also expected to go into effect for the European Union March 12.
Several healthcare leaders have raised concerns about how these tariffs could impact the U.S. healthcare supply chain.