China imposes tariffs on American products and will investigate Google

• China Imposes Tariffs on the US
• Google Under Investigation
• Economic Tensions Escalate

In response to the recent tariff measures imposed by Donald Trump, China announced on Tuesday a series of countermeasures targeting US imports.

Additionally, Beijing unveiled its plan to launch an antitrust investigation against Google.

The new tariffs impact a range of key products.

Beijing has set a 15% tariff on coal and liquefied natural gas.

China Retaliates Against the US

Alongside this, a 10% tariff has been placed on crude oil, agricultural machinery, and large-engine automobiles from the United States.

These tariffs will take effect next Monday, according to an announcement by China’s Customs Commission.

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The commission also criticized the unilateral actions of the US, stating they violate World Trade Organization (WTO) regulations.

In addition to the tariffs, China has announced export controls on critical minerals used in high-tech products.

Elements such as tungsten, tellurium, bismuth, and molybdenum will now be subject to these new regulations.

This could significantly impact global supply chains, particularly those reliant on US technology.

In a surprising move, China’s State Administration for Market Regulation has also launched an investigation into Google for potential antitrust violations.

While the official statement did not directly link this action to the tariffs imposed by China, its timing suggests a strategic response by Beijing to Washington’s measures.

Google previously exited the Chinese market in 2010 due to disputes over censorship and cybersecurity.

Now, it faces scrutiny that could have major implications for its global operations.

The company still has a limited presence in China, where its search engine and other platforms remain blocked.

Beyond these measures, China has also added two US companies to its list of «unreliable entities.»

The companies affected are PVH Group, the owner of well-known brands such as Calvin Klein and Tommy Hilfiger, and Illumina, a biotechnology firm.

This designation restricts their ability to import and export with China, based on allegations of inappropriate business practices and national security concerns.

Financial analysts have voiced concerns about the potential impact of these actions on the global economy.

They warn that this could escalate the ongoing trade war between China and the US, the world’s two largest economies.

This, in turn, might lead to slower global economic growth.

As well as to higher inflation rates in the US, and additional pressure on interest rates.

The rising trade tensions between the U.S. and China signal a return to the hostilities that defined much of Trump’s first term.

With significant implications for financial markets and global economic strategies in the coming months, ‘The Associated Press‘ reports.

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