US medical device makers climbs after US and China agree to slash tariffs

DexCom

12/05/2025 11:51

** Shares of U.S. medical device makers rise premarket, after the U.S. and China agreed to temporarily slash reciprocal tariffs on each other's goods

** The U.S. will cut tariffs on Chinese imports from 145% to 30% and China will cut tariffs on US imports from 125% to 10%

** Shares of GE Healthcare GEHC.O rise 7%, Illumina ILMN.O gain 4%, Intuitive Surgical ISRG.O up 3.3%, Stryker SYK.N climb 1.4%, Boston Scientific BSX.N rise 2.3% and Dexcom DXCM.O up 1.9% premarket

** Reduced tariffs will be in effect for 90 days

** China is a critical supplier of raw materials and components for the pharmaceutical and medical device firms

** As of last close, ILMN down 43.3%, GEHC down 10.6%, ISRG up 2.8%, BSX up 15%, SYK up 5.8%, DXCM up 9% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))