Siemens Healthineers Sees Less Tariff Drag in Coming Months (2)

Siemens Healthineers AG said tariffs will weigh significantly less in the months ahead, offering some relief for the medical equipment maker that counts the US as its biggest market.

The effect of the duties will ease this year with the company expecting to “fully mitigate the impact of tariffs over the next three years,” Chief Financial Officer Jochen Schmitz said Thursday on a media call.

US duties have crimped business for the manufacturer of MRI scanners and blood-testing equipment, with the weaker dollar compounding the effect. In November, the company warned that the impact from duties is expected to ...