BEIJING (AP) — China’s Ministry of Commerce announced Tuesday that it is imposing counter-tariffs on several US products and launching an antitrust investigation into Google.
The government is placing a 15% tariff on coal and liquified natural gas, along with a 10% tariff on crude oil, agricultural machinery, and large-displacement cars.
“The US’s unilateral tariff increase seriously violates WTO rules,” the statement said. “It does not help solve its own problems and damages normal trade relations between China and the US.”
Meanwhile, China’s market regulator has opened an investigation into Google over alleged antitrust violations. The announcement came just as President Trump’s 10% tariff on China was set to take effect.
Corbin said:
Didn’t Google pull out of China? How much money do they even make there?
Wait, when did Google leave China? Why?
Google search never officially launched in China because the government wanted it censored. Google refused and decided to stay out of the market. They still have some minor engineering and research operations there.
Corbin said:
Didn’t Google pull out of China? How much money do they even make there?
Wait, when did Google leave China? Why?
Google China shut down about 15 years ago. They made another attempt with a censored search engine called Dragonfly about five years ago, but the project was scrapped after backlash.
This just hurts Chinese consumers. Higher tariffs mean they’ll pay more for things like oil and machinery. And an antitrust case against Google? That just seems like a political move.
Olen said:
This just hurts Chinese consumers. Higher tariffs mean they’ll pay more for things like oil and machinery. And an antitrust case against Google? That just seems like a political move.
Same thing is happening to US consumers with Trump’s tariffs.