U.S. tech companies to be hit hardest in potential trade war?

Business & Technology

Top business and technology news for January 23, 2017. Part of the daily SupChina news roundup "731 million internet users and a VPN clampdown."

People use an escalator outside the headquarters of ChemChina (China National Chemical Corporation) in Beijing, China, February 4, 2005. REUTERS/Stringer/File Photo

  • These companies are at risk in a U.S.-China trade war / Bloomberg
    While the markets continue to downplay the odds of a U.S.-China trade war, banks and financial consultants are providing more in-depth analysis of what effect protectionist measures would have on business in the two countries. An analysis from Morgan Stanley estimates that 10 percent of American companies are at risk from cross-Pacific tensions, whereas the same can be said for only 2 percent of Chinese companies. At the top of the list of most exposed companies in the U.S. are semiconductor makers Ambarella, Texas Instruments, and Marvell. The Chinese companies most at risk are wireless technology provider GoerTek, apparel manufacturer Regina Miracle International, and global supply chain manager Li & Fung.