Medical Device Makers Are Being Walloped by Trump’s Tariffs (2)

Europe’s medical device makers are feeling the pain from President Donald Trump’s trade moves.

Siemens Healthineers AG shares fell the most on record on Wednesday after the German company warned that it expects the impact from tariffs to roughly double to €400 million ($460 million) in fiscal 2026.

While the manufacturer sees good business prospects in the US, it’s managing costs tightly and may “think about potential value-add shifts” to counter the duties, Chief Financial Officer Jochen Schmitz told Bloomberg Television.

Healthineers is not alone. Danish peer Ambu A/S on Wednesday said the levies will hold back its margin by ...