With the upgrading of trade tensions, China has announced measures against Google and other American companies
Beijing (Reuters) -China announced on Tuesday that after a few minutes after the additional tariffs on Chinese goods, the owner of American companies, including Google, agricultural equipment manufacturers and fashion brands Calvin Klein took extensive measures.
These measures have been announced to collect tariffs on some American products (such as coal, gasoline, and electric trucks) to quickly respond to the new duties of Chinese goods by US President Donald Trump, which has upgraded the two in the world. Trade tensions between the largest economies.
The Chinese Ministry of Commerce said that Holdings companies such as PVH Corp (including Calvin Klein and Tommy Hilfiger) and American biotechnology companies Illumina Illumina were included in its “unreliable entity” list.
It said that the two companies took the so -called “discrimination measures against Chinese companies” and “damaged” the legitimate rights and interests of Chinese companies.
Companies adding to the blacklisted company may be fined and extensive sanctions, including frozen trade and revocation of foreign employees.
In addition, China's National Supervision Administration stated that it was suspected of violating the country's antitrust law and investigated the company in accordance with the law. It does provide more details about the investigation or what Google violates the law of law.
Google products such as search engines are blocked in China, and their revenue accounts for about 1 % of global sales.
In 2017, Google announced a small artificial intelligence center in China. But two years later, the project was dissolved, and the company did not conduct AI research in China. Google still cooperates with Chinese partners (such as advertisers).
Google, PVH, and Illumina did not immediately respond to requests to comment outside the conventional business hours of the United States.
PVH has been reviewed by China's regulatory agencies related to “improper” behaviors related to Xinjiang.
Tesla and Agricultural Equipment Company
The Ministry of Finance of China also announced a 10 % tariff of agricultural equipment that may affect the agricultural equipment that may affect American companies (such as Caterpillar, Deere & Co and Agco), and a few trucks and large cars to China from the United States.
This may be suitable for Cyber Truck of Elon Musk, and the niche market of Tesla has been promoted in China because it is waiting for regulatory liquidation to start sales.
The Chinese Ministry of Industry and Information Technology in December specified Cymbrak as “passenger cars” and was quickly deleted.