China Retaliates to U.S. Tariffs with Antitrust Probe into Google & Blacklist for PVH, Illumina

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  Posted by John Deo Feb 5 - Filed in General - #financialmodelingprep  - 16 views
  

  In response to new U.S. tariffs, China launched an antitrust investigation into Google (NASDAQ:GOOGL, NASDAQ:GOOG) and added PVH Corp (NYSEVH) and Illumina Inc (NASDAQ:ILMN) to its “unreliable entities” list.

  Key Developments 

  \u2714 Google Under Antitrust Probe – China's State Administration for Market Regulation (SAMR) is investigating alleged monopolistic practices by Google that may have hindered market competition.
  \u2714 PVH & Illumina Blacklisted – China cited national security concerns, targeting:

  • PVH Corp – Owner of Calvin Klein, Tommy Hilfiger.
  • Illumina Inc – Biotechnology firm specializing in gene sequencing.
    \u2714 Stock Market Reaction – PVH & Illumina slid ~4% premarket on the news.

  Why It Matters? 

  \ud83d\udd39 Trade War Escalation – This move follows Trump’s 10% tariff on Chinese imports, raising concerns about retaliatory economic measures.
  \ud83d\udd39 Tech & Retail Hit – U.S. firms with China exposure face heightened risks, from regulatory crackdowns to supply chain disruptions.
  \ud83d\udd39 Investor Uncertainty – Rising geopolitical tensions may fuel market volatility, impacting tech and retail stocks.

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