China’s exporters rush shipments as fragile U.S. tariff truce lifts June outlook, poll suggests
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. re...
China on Tuesday announced a ban on the import of genetic sequencers from U.S. medical equipment maker Illumina, just minutes after President Donald Trump's additional 10% tariff on Chinese goods took effect.
The ban, which will come into force on March 4, is part of a series of retaliatory measures implemented by Beijing in response to the new U.S. tariffs.
According to a statement by China’s commerce ministry, the ban follows the placement of Illumina on the “unreliable entity” list in February. The ministry cited that Illumina had suspended normal transactions with Chinese enterprises and taken discriminatory measures against them. Genetic sequencers are essential for determining DNA or RNA sequences, aiding scientists in studying genetic variations linked to diseases and diagnosing rare conditions. China accounts for about 7% of Illumina’s global sales.
Responding to inquiries, Illumina stated that it would continue to serve its customers in China and remain committed to operating in compliance with the latest guidelines from the Ministry of Commerce. The company is currently assessing the impact of the ban on its operations in the region.
The measure targets Illumina as part of a broader crackdown on U.S. firms, though Beijing has so far refrained from imposing restrictions on major U.S. household names. Analysts note that the move could bolster domestic competition, as shares in local rivals such as BGI Genomics and MGI Tech saw significant gains, with estimates suggesting a potential business opportunity of 750 million yuan ($103 million) for MGI Tech this year.
This development is one of several steps taken by China in its escalating trade dispute with the United States, following previous actions such as tariffs on $21 billion worth of American agricultural and food products and restrictions on other U.S. companies deemed unreliable.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
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