Sino-U.S. trade war: 20 US companies affected by $158.4 billion in business

Sino-U.S. trade relations have continued to be tight. China has today formally imposed tariffs on 128 U.S. import items in retaliation for U.S. measures to impose import tariffs on steel and aluminum. At the same time, Trump’s tax list for China was reported on Friday. There will be an outbreak of a trade war between the two major economies. The 20 most affected US companies, including Apple and Nike, have affected a total of US$158.4 billion worth of Chinese businesses.

According to FactSet statistics, of the 20 companies in the US stocks in the S&P 500 Index, technology company Apple’s sales in China in 2017 amounted to US$44.76 billion, accounting for 19.6% of the company’s total annual sales; Intel’s sales of chip companies have US$ 14.79 billion, accounting for 23.6%; Qualcomm’s accounted for 65.4%; Broadcom’s 53.7%; Micron Technology accounted for 51.1%.

Among industrial companies, Boeing's sales in China accounted for US$11.91 billion, with business accounting for 12.8%; P&G's sales in China were US$5.2 billion, accounting for 8%. Nike’s sales in China were 4.23 billion yuan. This accounted for 12.4%. In addition, Starbucks, a coffee and beverages store, had sales of US$4.51 billion in China, accounting for 20.2% of the business.

The companies on the S&P 500 index are generally implicated in the trade war between China and the United States. They also have extensive coverage of stock investors.

Google has closed its search engine business in mainland China since 2010. It is not affected by Sino-US trade wars. Market participants are concerned that once the trade war is further deteriorated, China is not ruled out by adopting a similar approach to Google and directly targeting some US companies. Drive out of the Chinese market.

As for China's corporate network companies including Alibaba, Tencent (00700), Baidu and Ctrip, due to competition from businesses in the United States, the loss in this trade is believed to be slight.