A Sino-American war threatens 9 global companies including Apple, Boeing and Ford

A Sino-American war threatens 9 global companies including Apple, Boeing and Ford



19:13 - 21/07/2017


A trade war is raging between the United States and China, as tension between the two countries has increased since US President Donald Trump came to the White House nine global companies.

US Trade Secretary Wilbur Ross opened talks on economic issues at the highest level with criticism against China in connection with its trade surplus.

Trump is considering the possibility of imposing restrictions on imports of steel and aluminum from China, which will push Beijing to retaliate.

Among the US companies likely to be hurt by the tension between Washington and Beijing.

Hollywood
American cinema is working hard to improve its reach in the Chinese market, with 61 percent of box office revenue for foreign films coming from China in the first half of 2017.

Beijing allows the import of 13,000 foreign films in exchange for revenue sharing while Hollywood seeks a larger share of revenue.

Boeing
Boeing's Chinese imports are expected to reach 30 percent of the world's imports.

According to the company, the best deals for the sale of aircraft from the Boeing 737 was to China, and Beijing will need to 6810 aircraft worth more than $ 1 trillion by 2035. In addition, China's demand for the products of the company, United State.

Westinghouse
The nuclear power company plans next year to operate in China, offering a new generation of nuclear reactors.

What is important is that her success in China saved her from bankruptcy last March

Starbucks
One of the most popular brands in America for cafes selling coffee, plans to open a tasting room this year in Shanghai, and its manager hailed China as a "big opportunity" for the company.

Tesla Motors
The trade war between Washington and Beijing, seriously complicates Tesla Motors' attempts to auto-enhance its position in China, which reduces the cost of electric cars in the global market.

Camel
Apple, which is expecting the launch of the new iPhone model in September, which will lead to a significant increase in Chinese market share.

McDonald's
The company is awaiting approval from the Chinese government for an agreement reached in January to sell 80 percent of its shares in China and Hong Kong for $ 2.08 billion.

Ford
Ford Motor Co. was affected by deteriorating relations between China and the United States. Ford sales in China fell 7% in the first half compared to the same period last year.

Amazon
With the introduction of a new cyber security law that expands security auditing of more sophisticated data and software, China can use the law to its advantage and create problems with all US retailers.



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