China bans imports of Illumina's gene sequencers
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China has banned imports of genetic sequencers from U.S. company Illumina, coinciding with the imposition of a 10% tariff on Chinese goods by the U.S.
March 04, 2025 | 6:15 am
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China has banned imports of Illumina's genetic sequencers, which could negatively impact Illumina's sales and market presence in China.
The ban directly affects Illumina's ability to sell its products in China, a significant market for genetic sequencers. This could lead to a decrease in sales and revenue from the region, negatively impacting the stock price.
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