In response to new U.S. tariffs, China launched an antitrust investigation into Google (NASDAQ:GOOGL, NASDAQ:GOOG) and added PVH Corp (NYSE:PVH) and Illumina Inc (NASDAQ:ILMN) to its “unreliable entities” list.

Key Developments

✔ Google Under Antitrust Probe - China's State Administration for Market Regulation (SAMR) is investigating alleged monopolistic practices by Google that may have hindered market competition.
✔ PVH & Illumina Blacklisted - China cited national security concerns, targeting:

• PVH Corp - Owner of Calvin Klein, Tommy Hilfiger.
• Illumina Inc - Biotechnology firm specializing in gene sequencing.
  ✔ Stock Market Reaction - PVH & Illumina slid ~4% premarket on the news.

Why It Matters?

🔹 Trade War Escalation - This move follows Trump's 10% tariff on Chinese imports, raising concerns about retaliatory economic measures.
🔹 Tech & Retail Hit - U.S. firms with China exposure face heightened risks, from regulatory crackdowns to supply chain disruptions.
🔹 Investor Uncertainty - Rising geopolitical tensions may fuel market volatility, impacting tech and retail stocks.

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