China retaliates against President Trump's tariffs by imposing levies on American energy products, extra fees on agricultural equipment, and launching an 'antitrust' investigation into Google. Other American companies are also threatened. Google has a history of conflict with the Chinese government over censorship. The investigation may target Google's Android system, a key player in the Chinese smartphone market.
Key Points
China retaliates against U.S. tariffs with levies on energy products and agricultural equipment
China launches an 'antitrust' investigation into Google, potentially targeting Android
Other American companies like Illumina and PVH are also targeted by China
Pros
Signaling China's readiness to retaliate against the U.S.
Highlighting potential conflicts of interest and power struggles in the technology sector
Cons
Potential negative impact on American companies operating in China
Risk of escalating trade tensions between the U.S. and China