China bans imports of illumina genetic sequencers amid trade tensions

News Image

MG News | March 04, 2025 at 12:04 PM GMT+05:00

March 04, 2025 (MLN): China announced a ban on Tuesday on imports of genetic sequencers from U.S. medical equipment maker Illumina, 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 on its "unreliable entity" list in February.

China accounts for about 7% of Illumina's sales, as Reuters reported.

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 had suspended normal transactions with Chinese enterprises and taken discriminatory measures against Chinese enterprises.

Illumina did not reply to a request for comment outside of regular U.S. business hours.

In February, China also put PVH Corp, 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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 179,571.27
436.67M
1.06%
1878.35
ALLSHR 108,600.94
844.23M
1.00%
1073.54
KSE30 53,548.42
162.02M
0.99%
525.53
KMI30 256,725.70
154.74M
0.76%
1936.43
KMIALLSHR 70,620.69
563.61M
0.98%
683.55
BKTi 48,625.03
36.31M
1.37%
658.39
OGTi 37,179.52
8.29M
0.94%
345.85
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 60,530.00 60,535.00
59,790.00
535.00
0.89%
BRENT CRUDE 73.08 75.13
71.38
-2.18
-2.90%
RICHARDS BAY COAL MONTHLY 103.50 0.00
0.00
0.25
0.24%
ROTTERDAM COAL MONTHLY 113.35 114.25
113.00
-0.05
-0.04%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 70.24 71.86
68.56
-1.68
-2.34%
SUGAR #11 WORLD 14.55 14.68
14.02
0.45
3.19%

Chart of the Day


Latest News
June 27, 2026 at 01:35 AM GMT+05:00

Govt keeps petrol, diesel unchanged


June 26, 2026 at 09:43 PM GMT+05:00

Weekly Market Roundup


June 25, 2026 at 08:52 PM GMT+05:00

Banks extend hours for tax payments until June 30


June 25, 2026 at 08:40 PM GMT+05:00

SBP declares July 1 a Bank Holiday


June 25, 2026 at 08:29 PM GMT+05:00

Gold hovers around $4,000, silver below $60



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg