In what may be a concerning development for Wall Street, Google, Nvidia (NVDA), and Intel (INTC) are facing a renewed Chinese probe as US tensions rise. Indeed, China has announced a reignited investigation into the three companies as US President Donald Trump issues tariffs on the country.
The situation is the byproduct of a burgeoning trade war with the United States and a host of countries. Saturday saw Trump issue the first 10% tariffs on Mexico, Canada, and China. However, he delayed those import taxes a month after speaking with Mexican President Claudia Scheinbaum on Monday. Still, all three nations have already taken retaliatory actions.
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Google, Nvidia, and Intel Face Chinese Investigation Amid Ongoing Trump Tariff Turmoil
There is no denying that a potential trade war is beginning to arise on a global scale. With China announcing its own tariffs on US products, all eyes are on how both economies will respond. The retaliatory action will undoubtedly impact a plethora of sectors.
Among them may be Wall Street, as many high-profit companies are set to be targeted by these actions. That has already started to take place, as Google, Nvidia, and Intel have faced a renewed Chinese investigation amid the growing US tensions.
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Specifically, China has “revived antitrust investigations” into both Google and Nvidia and is considering launching one against Intel, a Financial Times report revealed. Indeed, Beijing is reportedly seeking “leverage in talks” with US President Trump. The investigations will specifically target competition difficulties and American product interference with Chinese companies.
The Google probe first began in 2019 but was shelved for a number of years. However, the Nvidia investigation offers little in the form of details. Many experts believe that the action was taken to answer Trump’s continued tariff threat. He has not only targeted China but its BRICS economic alliance since he returned to the Oval Office in January.