The trade dispute between the US and China is heating up again.
Late Tuesday, Bloomberg reported the Trump administration was planning to raise its proposed tariffs on $200 billion worth of Chinese imports to 25% from 10%. China’s Foreign Ministry responded by saying that “US pressure and blackmail” would be ineffective.
In a client note on Tuesday, Goldman Sachs’ equity strategists highlighted companies on the S&P 500 with more than 10% sales exposure to Greater China. The median company has just 2% sales exposure to the world’s second-largest economy.
“Top-line growth for these firms will likely come under pressure if China imposes retaliatory tariffs,” said David Kostin, the chief US equity strategist. “Such tariffs would drive up the price paid by consumers in Greater China, defined as China, its Special Administrative Regions, and Taiwan.”
Below is a list of the 13 stocks with the greatest exposure to China, from the least to the most.