China San Diego - Search News

Illumina to cut $100M in fiscal 2025 costs

China hits Illumina with import ban. What does that mean for the San Diego gene sequencer?

China imposed an import ban on Illumina’s gene sequencers in response to President Trump’s escalating tariffs and trade war

The Wall Street Journal on MSN · 1d

Illumina to Cut $100 Million in Costs, Lowers Guidance Because of China Sales Ban

Illumina is reducing its forecast for this year’s financial performance and cutting $100 million in spending because China barred sales of the company’s gene-sequencing machines. San Diego-based Illumina is lowering its 2025 guidance to $4.

Business Insider · 1d

Illumina to cut $100M in fiscal 2025 costs amid China ban

Illumina (ILMN) said it is instituting an incremental approximately $100M cost reduction program for fiscal 2025. The company added, “These

Seeking Alpha · 1d

Illumina lowers guidance, cuts spending to mitigate China ban on its gene sequencers

Illumina lowered its adjusted profit outlook and cut spending cost for 2025 as the company grapples with Chinese ban on its gene sequencers. Read more here.

China, Fentanyl

U.S. News & World Report · 2h

China Says US Has Undermined Fentanyl Cooperation by Imposing Tariffs

China said on Wednesday that the U.S. has undermined bilateral counter-narcotics cooperation by imposing tariffs on Chinese goods over fentanyl, calling on Washington to stop using the issue as a bargaining chip to "blackmail" the country.

CNBC on MSN · 3h

China says it's willing to cooperate with the U.S. on fentanyl

China is willing to do more to address U.S. concerns about illicit fentanyl trade, an official from the Ministry of Foreign Affairs told reporters Wednesday.

Bloomberg on MSN · 2h

China Says US Owes ‘Big Thank You’ on Fentanyl, Urges Talks

China said it has forcefully cracked down on the fentanyl trade and condemned President Donald Trump’s tariffs, as the world’s two largest economies remain at odds over the conditions for any talks to cool tensions.

China Summons Walmart

NBC 7 San Diego · 8h

China's Commerce Ministry held talks with Walmart after report on price cut demand, state media says

Chinese and American companies should “work together” to respond to U.S. “unilateral imposition of tariffs,” Chinese state media said.

Reuters on MSN · 2h

China's commerce ministry met with Walmart on supplier pricing, state media says

SHANGHAI (Reuters) -Beijing officials met with Walmart this week to discuss media reports that the U.S. retailer has asked Chinese suppliers to slash prices on their goods to offset the impact of the Trump administration's tariffs,

Bloomberg on MSN · 9h

China Summons Walmart After Report of Price-Cut Demand

China summoned Walmart Inc. executives on Tuesday to express its concern after the US retailer reportedly urged its Chinese suppliers to absorb increased American trade tariffs by lowering prices.

China, Trump

Times of San Diego on MSN · 7d

As Trump's New Tariffs Begin, China Retaliates Against San Diego's Illumina

China announced a ban on Tuesday on imports of genetic sequencers from San Diego medical equipment maker Illumina, just minutes after U.S. President Donald Trump's additional 10% tariff on Chinese goods took effect.

The Associated Press on MSN · 12d

Trump Says He Plans Tariffs on Mexico and Canada for Tuesday, Plus an Increase for China

Posting on Truth Social on Thursday, Trump said that illicit drugs such as fentanyl are being smuggled into the United States at "unacceptable levels" and that import taxes would force other countries to crack down on the trafficking.

The New York Times · 7d

China Retaliates Against Trump Tariffs as Superpower Trade War Escalates

Beijing imposed broad tariffs on imports of American food and said 15 U.S. companies could no longer buy from China without special permission.

China Targets San Diego Biotech Firm in Broadening Blacklist

In a sign it is willing to go further in responding to President Trump’s tariffs, Beijing blocked more American companies ...

15hon MSN

China’s shipbuilding dominance poses economic and national security risks for the US, a report says

China has grown to be dominant in shipbuilding, posing serious economic and national security challenges for U.S. and its ...

ABC 10News San Diego10d

China Max reopens after recovering from fire five years ago

China Max served customers Saturday and with a fresh start comes new management, too. The new managers said they're excited ...

23hon MSN

Trade War Fallout Prompts San Diego's Illumina to Lower Outlook, Cut $100 Million in Costs

Illumina on Monday lowered its annual forecast and said it plans to cut $100 million in spending after China announced a ban ...

13d

China Max restaurant in Kearny Mesa reopens 5 years after fire

Five years after a fire broke out at the China Max restaurant in San Diego’s Convoy District, the Cantonese eatery is ready to welcome back customers.

Trump is targeting China-made containerships in new flank of global economic war on the oceans

China dominates shipbuilding for the ocean freight market, and President Trump has plans to exact economic punishment to ...

Axios on MSN1d

Remembering the start of the COVID-19 pandemic in San Diego, five years later

It's been five years since Tom Hanks announced he had COVID-19, the NBA suspended its season and it became unavoidably clear ...

3don MSN

China's consumer inflation turns negative for the first time in 13 months

The data comes as investors continue to look for signs that Beijing’s stimulus measures can help to boost the country’s ...

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