Cochlear Limited (ASX:COH) Awaits Clarification on US Tariff
US Tariff Impact
Cochlear Limited is awaiting clarification on the application of a newly introduced 10% tariff on exports to the US from Australia. The company has previously imported its products duty-free under a specific chapter of the US Harmonized Tariff Schedule, including hearing implants.
Future Updates
Cochlear expects further details in the US Customs and Border Protection Notice of Implementation to be published next week and will provide an update to the market accordingly.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear. The Motley Fool Australia has recommended Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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