Big tech to tungsten: what industries are the focus of China’s new US tariffs?
Feb 04, 2025
In China, there's a big problem with Google and some other companies. They are being investigated for doing things that are not fair to others. China is not happy and is imposing tariffs on different things like coal, natural gas, and oil from the US. This is causing some tension between China and the US.
China is also controlling the supply of important materials like tungsten and molybdenum. These materials are important for making new technology and weapons. They want to protect their country and make sure they have what they need.
Some US companies, like Google and Illumina Inc, are being targeted. They are facing fines and restrictions in China. This is not good for their business. China is trying to show that they can fight back without starting a bigger problem.
There are also concerns about companies using forced labor in China. Some companies have stopped buying materials from certain regions in China because of this. China is watching closely and making sure they are not being taken advantage of.
Overall, there are tensions between China and the US over trade and business practices. Both countries want to protect their interests and make sure they are treated fairly. It's a complicated situation, and we have to wait and see what happens next.