Dental Industry: Tariffs to Act as a Two-Pronged Hit From Rising Costs and Depressed Wallets

On April 2, President Donald Trump announced a sweeping set of tariffs on all imports ranging from 10% to varying reciprocal rates, effective on April 5. In response, the broad dental market opened down yesterday at about a mid-single-digit percent from yesterday’s close and firms under our coverage—Align, Dentsply, Sirona, and Straumann—are all trading more than 5% lower at the time of writing. We think the industry can see two impacts from tariffs: