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2025-03-06| APAC

China Blocks Illumina’s Sequencers as U.S. Tariffs Double–Trade War Fallout Intensifies

by Bernice Lottering
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BGI Genomics and MGI Tech, Illumina's competitors in China, experienced a surge in their stock prices after the company was prohibited from exporting its sequencers to the country.
China has banned imports of genetic sequencers from U.S. medical equipment maker Illumina (NASDAQ: ILMN), just minutes after U.S. President Donald Trump’s additional 10% tariff on Chinese goods took effect. The move is part of a broader set of actions China introduced in response to the new U.S. tariffs. This follows Beijing’s decision to add … China Blocks Illumina’s Sequencers as U.S. Tariffs Double–Trade War Fallout Intensifies Read More » To access this post, you must purchase Individual Subscriber Yearly or Enterprise Subscriber.

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