China to probe Google, hits back with counter tariffs at US
China Investigates Google for Antitrust Violations
China has announced an investigation into Google, a major US tech company, for alleged violations of its Anti-Monopoly Law. This move is part of a broader response to recent US tariffs on Chinese goods.
New Tariffs on US Products
Starting February 10, China will impose additional tariffs on certain US imports. Coal and liquefied natural gas will face a 15% tariff, while crude oil, agricultural machinery, and large automobiles will have a 10% tariff.
US Companies Added to Unreliable Entity List
China has added PVH Corp., owner of Calvin Klein, and Illumina, Inc. to its "unreliable entity list" for allegedly violating market trading principles and harming Chinese companies.
US Tariff Hikes and China's Response
The US, under President Donald Trump, has increased tariffs on all Chinese imports, citing China's failure to curb illegal drug flows. In response, China has filed a complaint with the World Trade Organization, accusing the US of violating WTO rules and destabilizing global trade.
Doubts Revealed
Antitrust violations
Antitrust violations happen when a company does things that reduce competition in the market, like becoming too powerful and not allowing other companies to compete fairly.
Tariffs
Tariffs are like extra taxes that a country adds to goods coming from another country. This makes those goods more expensive to buy, which can affect trade between the countries.
Liquefied natural gas
Liquefied natural gas, or LNG, is natural gas that has been cooled down to a liquid form so it can be easily transported over long distances.
Crude oil
Crude oil is a natural, unrefined petroleum product that is used to make fuels like petrol and diesel, and other products like plastics.
PVH Corp.
PVH Corp. is a company that owns famous clothing brands like Calvin Klein and Tommy Hilfiger.
Illumina, Inc.
Illumina, Inc. is a company that makes technology for analyzing genetic information, which is used in scientific research and medicine.
Unreliable entity list
China's 'unreliable entity list' is a list of foreign companies that China believes are not trustworthy or have harmed Chinese companies.
WTO
WTO stands for World Trade Organization, which is a group that helps countries trade with each other fairly and resolves trade disputes.
President Trump
President Trump was the President of the United States from 2017 to 2021, known for his strong opinions on trade and economic policies.
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