Tariffs on Chinese imports finalised

Retractable Technologies, Inc. (NYSE American: RVP) announces that the Office of the United States Trade Representative (“USTR”) announced final adjustments to tariffs on Chinese imported syringes and needles on September 13, 2024.

Despite initially proposing a 50% tariff, the USTR set the tariff at 100% effective September 27, 2024. Retractable’s competitor, Becton, Dickinson and Company (“BD”), requested an increase to “the maximum available tariff level” in its comment letter to the USTR.