Retractable Technologies withdraws tariff complaint; engineers adapt equipment to reduce imports

RETRACTABLE TECHNOLOGIES INC

Withdrew complaint in US Court of International Trade over 100% tariff on syringes/needles from China; case dismissed Jan 8, 2025.
Management concluded chances of prevailing against 'large monopolistic corporation' were slim, and no additional time for domestic production.
RTI engineers adapted older equipment to enhance transition process, significantly reducing need to import syringes.
Management expects these efforts to diminish risks to company's continued survival from recent tariffs.

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