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. Gene
sequencers help determine the sequence of DNA or RNA, allowing
scientists to study genetic variations associated with diseases
and diagnose rare genetic conditions.
The ban takes effect from March 4.
China's commerce ministry said in a statement that Illumina ( ILMN )
had suspended normal transactions with Chinese enterprises and
taken discriminatory measures against Chinese enterprises.
Illumina ( ILMN ) did not reply to a request for comment outside of
regular U.S. business hours.
In February, China also put PVH Corp ( PVH ), the holding
company for brands including Calvin Klein and Tommy Hilfiger, on
its unreliable entity list and announced an investigation into
Google as part of a wide range of measures targeting
U.S. businesses.
Companies added to the list can be subject to fines and a
broad range of other sanctions, including a freeze on trade and
revocation of work permits for foreign staff.