The nonprofit organization, whose goal is to “preserve freedom and restore ideological balance to public companies,” is economically dependent on China and could suffer huge losses if sanctions are imposed. Published a database outlining a list of Fortune 100 companies.
“In the current political climate, imposing harsh trade tariffs on Chinese goods is being discussed,” the 1792 Exchange said in a new report released this week. “In addition to tariffs, U.S. sanctions could be imposed on U.S. companies doing business in China. For example, if China invades Taiwan, sanctions similar to those imposed on Russia after its invasion of Ukraine could result. If it is imposed, our assessment is that US companies and investors could lose a lot of money.
“This raises a number of serious questions that demand clear answers: What would be the financial impact on these companies if the United States imposed sanctions or tariffs that put both their assets and revenue sources at risk? If these companies invest in and do business in China, how will those conditions affect U.S. policy and operations?
The report looks at more than 80 companies currently operating in China and calculates the amount of sanctions they may face in the future “based on balance sheet data, trade data and sanctions calculations” We estimate that it did.
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Former Kentucky Attorney General Daniel Cameron spoke to Fox News Digital about a new report on Fortune 100 companies investing in China. (Getty Images)
Dozens of companies are included in the report, including Citigroup, Intel, Boeing, Disney, Nike and John Deere.
While many publicly traded companies do not fully disclose the full extent of their dealings with China, some do, and in that case, the 1792 Exchange could face potential sanctions in China under the incoming Trump administration. estimated the potential financial liability faced by those companies.
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A man waves a Chinese flag as an amateur choir performs in a park in a residential area of Beijing. (Reuters/Thomas Peter)
In Boeing’s case, the report says the company receives just under $5 billion a year in revenue from China and could face sanctions averaging $1 billion over three years.
According to the report, Intel earns $18 billion annually from China, which is 26.54% of the company’s total annual revenue. China’s sanctions could result in an average fine of $5 billion over three years for Intel, the report concluded.
Citigroup is listed in the database as potentially facing sanctions worth an average of $16 billion a year out of its roughly $5 billion in annual sales in China.
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Chinese President Xi Jinping. (Li Gang/Xinhua via Getty Images)
Fox News Digital interviewed former Kentucky Republican Attorney General and 1792 Exchange CEO Daniel Cameron about the report, which revealed that people were wondering about the “tremendous amounts of money that Fortune 100 companies could lose in the event of sanctions.” He said he wanted it removed. imposed on China. ”
Prime Minister David Cameron told Fox News Digital that he is optimistic that the incoming Trump administration will implement policies that promote U.S. independence from China.
“My hope is that we can bring more jobs and more businesses back to this country and then make a decision and make a decision to shut down operations in the United States,” Cameron said. “This is good for American workers, and we’re again, yeah, optimistic about what President Trump is going to do, especially through some of the information that we’ve been able to share related to this China risk database.” “He is going to do what’s right for American workers and consumers, and we hope that the information we provide will be helpful to the administration, but at the same time, he’s going to do what’s right for American workers and consumers,” he said. It also helps investors be smart about them. Relations with China. ”
Overall, the companies listed in the report generate an average of more than $600 billion in revenue from China and will face sanctions totaling more than $150 billion on average.
Commenting on the report’s data, Prime Minister David Cameron said: “Too many of America’s biggest companies hide their involvement in oppressive communist regimes from the public. “This is a clear threat to our future.” “Enough is enough. American workers, consumers, and investors need to realize where these significant debts are located.”
Andrew Mark Miller is a reporter for FOX News. Find him on Twitter @andymarkmiller and email your tips to AndrewMark.Miller@Fox.com.
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