China has opened an antitrust investigation against Google – and Nvidia and Intel are also in Beijing chairs as part of a comprehensive group of revenge measures after President Trump taxes a new 10% fee for Chinese imports.
China’s antitrust regulator did not provide details about Google Prob or which part of the business would aim
Chinese officials said in December they were investigating the supplier of US computer chips for possible antitrust violations. This decision came shortly after the Biden administration further restricted China’s entry to the high level of Nvidia.
Chinese regulators are also cheating an official inquiry against, according to FT. Further details on a possible case against the chipmaking giant were not immediately clear.
“This is all part of a larger share poker game between JB and China when it comes to trade negotiations,” said analyst Wedbush Dan Ves in a note. “In the middle of the revolution of it has a lot of chips on the table with the first to be Tiktok and the 75-day window under the clock to make a deal made.”
Probe Google will continue despite the fact that the company’s search engine and other essential services have been unavailable in China since 2010. China’s threats to take action again Google had been drowning for years before There was a bargain chip in the US-in-trade dispute relationships.
Google’s parent alphabet shares increased almost 2%. The company will report the revenue behind the bell on Tuesday. Nvidia shares increased 1.6%. Intel’s shares were flat.
Trump has argued that tariffs are needed to re -establish existing trade agreements. The President taxes 10% tasks for all imports from China and 25% on imports from Mexico and Canada – though he stopped the last two after talking to the country’s leaders.
Trump and China’s leader Xi Jinping were not expected to speak Tuesday about the trade dispute, despite previous reporting to the contrary.
In retaliation, China tightened export controls to five critical minerals – tungsten, tellurium, bismuth, molybdenum and indium – thought experts say the mass is unlikely to have a major impact on American businesses, according to Wall Street Journal.
Beijing also added new fees for US coal and everyone, as well as some farm equipment manufacturers and Calvin Klein and Tommy Hilfiger owner.
“These movements are warnings that China aims to damage the interests of the US if needed, but China is still the option to withdraw,” Capital Economyics said in a note.
“The probe against Google can end without any sentence,” the firm added.
Despite the attraction of most products from China, Google still has offices in Beijing, Shanghai and Shenzhen and holds some operations related to its digital advertising business and Google Cloud.
Google flows about 1% of its global revenue from China.
Investigation in China is also a google regulatory headache, which was set in last August to have a monopoly on Internet search in the US and is currently awaiting a judge’s decision on possible remedies, including a possible division.
A special federal antitrust case aimed at Google’s digital advertising business is also developing.
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