SHANGHAI, March 4 (Reuters) - China announced a ban on
Tuesday on imports of genetic sequencers from U.S. medical
equipment maker Illumina ( ILMN ), just minutes after U.S.
President Donald Trump's additional 10% tariff on Chinese goods
took effect.
The ban is part of a series of measures China announced in
response to the extra U.S. tariffs and comes after Beijing put
Illumina ( ILMN ) on its "unreliable entity" list in February.
China accounts for about 7% of Illumina's ( ILMN ) sales.
China's commerce ministry said in a statement that Illumina ( ILMN )
"violated the principle of normal market transactions, suspended
normal transactions with Chinese enterprises and took
discriminatory measures against Chinese enterprises, seriously
harming the interest of Chinese enterprises.
"Taking into account the circumstances of the company's
violation of the law and other factors, the working mechanism of
the Unreliability List in accordance with the law made a
decision to prohibit it from exporting gene sequencers to
China," it said.
Gene sequences help determine the sequence of DNA or RNA to
study genetic variations associated with diseases and diagnose
rare genetic conditions.
Illumina ( ILMN ) did not immediately reply to a request for comment.