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US companies listed in the S&P 500 generated approximately $1.2 trillion in revenue from sales to Chinese consumers, which is about four times the size of the US trade deficit in goods with China. Torsten Sløk of Apollo Global Management highlighted that a complete economic decoupling between the US and China would lead to a decline in earnings for these companies. The situation is complex, as many US companies have annual revenues exceeding $2 billion tied to China, indicating substantial stakes in the ongoing US-China trade relations beyond the goods trade deficit.
S&P 500 Revenue from China is roughly 4x as big as the U.S. Trade Deficit with China https://t.co/z9bEDjjQvP
If the US has to decouple completely from #China, it would result in a significant decline in earnings for S&P 500 companies no longer selling products to #Chinese consumers, chart Torsten Sløk @apolloglobal https://t.co/AhOxkQDIWK
US companies with more than $2 billion annual revenues tied to China. It’s much more complicated than just goods trade deficit between the US and China. US companies have a lot at stake in current stand-off. https://t.co/9qU4FAClRv
