China retaliates against US tariffs with Google antitrust probe and trade restrictions

News Snapshot:

What just happened? China has retaliated against the new trade tariffs imposed on the country by announcing a series of measures against US businesses. These include an antitrust investigation into Google and placing American firms on its unreliable entity list. China announced its retaliatory actions moments after the new US tariffs of 10% on products from the country came into effect. The US also removed an exemption that previously allowed Chinese imports valued under $800 to enter tariff-free. This will have a major impact on Temu, Shein, and other companies that rely on the loophole. The most notable response is...