BUZZ-Medical device makers fall after US tariffs spark cost concerns

Shares of medical device makers fall in premarket trading after U.S. President Donald Trump ordered sweeping tariffs on goods from Mexico, Canada and China

Shares of Intuitive Surgical ISRG.O fall 2.3% to $558.99, Boston Scientific BSX.N fall 1.3% to $100.99

Significant portion of ISRG's surgical instruments and accessories, which constitute more than ~60% of its sales, are manufactured in Mexico, Baird analysts say

Medtronic also has manufacturing facilities in Mexico and China and estimate tarrifs to impact EPS by up to ~3.4%, according to BTIG analysts

Mexico is largest source country of ~40% of imported medical devices in United States, J.P.Morgan analysts say

The companies did not immediately respond to requests for comment

Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China

Up to last close, BSX was up ~58%, ISRG was up ~49% and MDT was up ~4% over past 12 months