Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Medical device makers brace for tariff fallout

 

Star Tribune file

Medtronic, which is run from operational headquarters in Fridley, has more than 750,000 square feet of manufacturing space in Mexico, roughly 8% of the $30 billion company's global manufacturing footprint.

The medical device industry, a big player in the Minnesota economy, is bracing for the financial fallout from tariffs on goods imported from Mexico, which are set to begin Monday.

The U.S. imports more medical devices and device components from Mexico than any other country, and barring a diplomatic breakthrough, the cost of those devices could increase by tens of millions of dollars a month.

http://www.startribune.com/medical-device-makers-brace-for-tariff-fallout/510893532/


 

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