China said on Tuesday that it had launched an antitrust survey on GooglePart of a quick reprisals after US President Donald Trump imposed a 10% rate on Chinese products.
The survey of the Chinese State administration for market regulations will examine the monopolistic practices presumed by the American technology giant, who has made his research and internet services have blocked in China since 2010, but which has maintained operations which is mainly focused on advertising.
“Because Google is suspected of having violated the anti-monopoly law of the People’s Republic of China, the state administration for market regulations launched a Google survey in accordance with the law,” said the version English translated from the administration declaration.
Beijing has also struck US and liquefied American gas exports with a 15% levy and imposed a 10% tariff on petroleum and agricultural equipment. Chinese authorities have also added the owner of Calvin Klein, PVH Corp. And the sequencing company of genes illuminated towards a list of limited entities, while implementing new export controls on materials related to tungsten.
Trump’s prices, which he justified in response to Beijing’s failure to prevent the flow of illegal drugs, the trade tensions revived between the biggest economies in the world, just as relationships seemed to stabilize.
It is a story in development. More to follow.
