China probes Google moments after Donald Trump's tariff enter effect

China will investigate the US tech giant for alleged antitrust violations, according to a statement from the State Administration for Market Regulation on Tuesday. Additionally, Beijing announced a 15% levy on coal and liquefied natural gas, and 1...

New York Times
China announced an investigation into Google and imposed new tariffs on a range of US products moments after President Donald Trump slapped a 10% tariff on goods from Beijing, reigniting a trade war between the world’s largest economies.

China will probe the US tech giant for alleged anti-trust violations, according to a Tuesday statement from the State Administration for Market Regulation. Beijing also announced 15% levies on coal and liquefied natural gas and 10% on oil and agricultural equipment from the US.

The Chinese measures announced include:


  • Export control on tungsten-related materials
  • Adding PVH Corp., owner of Calvin Klein, and Illumina Inc to an unreliable entity list

The offshore yuan extended losses in the afternoon as US-China trade spat evolved with Beijing announcing 10% tariffs on some American goods. The currency dropped 0.3% to 7.3340 offshore , as its trading is closed in the onshore market amid the Lunar New Year holiday.

China’s proxies also declined, the Australian dollar and New Zealand dollar fell by at least 0.8%.

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Over the weekend, The US leader ordered a blanket levy on Chinese exports to take effect after midnight on Tuesday in the US, for what he calls Beijing’s failure to prevent the flow of illegal drugs. The orders included retaliation clauses that would increase tariffs if the countries respond in kind.
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