China Adds Calvin Klein Owner and Illumina to Blacklist (2)

Feb. 4, 2025, 5:57 PM UTC

China placed Calvin Klein owner PVH Corp. and US gene sequencing company Illumina Inc. to a so-called blacklist of entities, among a series of retaliatory actions after new tariffs ordered by President Donald Trump took effect Tuesday.

The Ministry of Commerce said that PVH and Illumina infringed the principles of market transactions and undertook damaging actions against Chinese companies, without elaborating.

Read More: China Hits Back at Trump With Tariffs on US Goods, Google Probe

Shares in the Calvin Klein owner were largely unchanged. Illumina fell 6.1% as of 12:54 p.m. New York time.

WATCH: China retaliated against President Donald Trump’s new tariffs within minutes. Source: Bloomberg

An Illumina ...

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