US medical device makers fall as China retaliates to US tariffs

Shares of U.S. medical device makers fall, along with the broader market, after China imposes 34% retaliatory tariffs on American goods, escalating a global trade war

China's finance ministry says the additional levies will be effective from April 10

Shares of Abbott Laboratories ABT.N down 1.8%, Illumina ILMN.O down 5.6%, Baxter BAX.N down 5.2%, Dexcom DXCM.O down 5.7%, Stryker SYK.N down 3.7% and Medtronic MDT.N down 3.3%

Shares extend losses from Thursday after US President Donald Trump did not exempt medical devices from reciprocal tariffs

The S&P Health Care Equipment index .SPLRCMED down 4.3%

Including session's moves, ABT up 14.5%, BAX up 1.6%, DXCM down 25.6%, ILMN down 46.4%, SYK down 1.3% and MDT up 6.7% YTD