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The US trade relationship with China is much larger than social media companies (Apple, Micron, Qualcomm and plenty of other tech companies have no problem in C
by DiogenesKynikos 6y ago
The US trade relationship with China is much larger than social media companies (Apple, Micron, Qualcomm and plenty of other tech companies have no problem in China - what we're talking about here are media companiesm not tech companies in general). By focusing only on media companies, people in this conversation are getting a very narrow and distorted view of the US-China trade relationship. The US does very well, business-wise, in China, contrary to what most Americans seem to believe.
- ericmay 6y agoSure, how do you define does very well in China?
- DiogenesKynikos 6y agoMany US companies have made huge returns on investment in China, and China is a major market for many American companies. This is a tech forum, so we can go down a list of US tech companies, giving their 2017 revenue from China: * Apple: $45 billion (20% of Apple's total) * Intel: $15 billion (its largest market, 24% of total) * Qualcomm: $15 billion (>60% of Qualcomm's total) * Micron: $10 billion (>50% of Micron's total) * Broadcom: $9 billion (>50 of Broadcom's total) * Cisco: $8 billion (15% of Cisco's total) The list goes on and on, but you get the picture. The numbers come from here: https://www.marketwatch.com/story/trade-war-watch-these-are-the-us-companies-with-the-most-at-stake-in-china-2018-03-29 https://www.marketwatch.com/story/trade-war-watch-these-are-...