Varian Expects to Benefit from Linear Accelerator Tariff Exclusion in China
VARIAN MEDICAL SYSTEMS (VAR)
Last varian medical systems earnings: 1/29 04:09 pm
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Source: PR Newswire
PALO ALTO, Calif. and BEIJING, Sept. 11, 2019 /PRNewswire/ -- Varian (NYSE: VAR) has received notice from the Customs Tariff Commission of the State Council of China that medical linear accelerators are excluded from the additional tariffs China imposed on US products that began on August 23, 2018. The exclusion is retroactive, and the company expects to be eligible for a refund from tariffs that have been levied since the additional tariffs were implemented. The exemption will become effective on September 17, 2019."We are grateful for the China government's determination to fight cancer and its recognition of the positive impact of radiotherapy treatments," said Dow Wilson, president and chief executive officer, Varian. "Varian envisions a world without fear of cancer, and we are committed to empowering our users to achieve new victories against cancer with our cancer care solutions. The exemption allows us to continue to focus on the fight against cancer."Varian is in its quiet per
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