Yes let’s have a trade war. Let’s affect revenue for American companies across the globe, especially in China, so in turn those companies will just raise their prices here. It’s bad enough that China and other foreign governments hold over 45% of US debt in T-Bills, notes and bonds. So let’s piss them off even more by screwing over our own companies and let them call their debt collectors. – PB/TK
China trade war? These U.S. companies are in the crosshairs By MoneyWatch January 30, 2017, 5:30 AM
President Donald Trump’s tough talk on trade with China, including threats of punitive tariffs and accusations of illegal currency manipulation, is bringing long-simmering tensions between the world’s two largest economies to a boil. And that could have ramifications for many U.S. companies.
About a dozen Fortune 500 companies rely on China for more than 50 percent of their annual sales, per a recent Morgan Stanley (MS) report to clients. Semiconductor maker Ambarella (AMBA) gets 90 percent of its revenue from China, and other tech firms, such as Texas Instruments (TXN) and Marvell (MRVL), get more than 60 percent of their sales from the world’s most populous country.
China also looms large for Apple (AAPL). The nation has surpassed the U.S. as the biggest iPhone market. It also is a big revenue-generator for casino operators such Las Vegas Sands (LSV) and Wynn Resorts (WYNN), which have invested heavily in the Macao gaming market in recent years
Continue to cbsnews.com article: http://www.cbsnews.com/news/trump-china-trade-war/
