A non-profit organization aiming to “preserve freedom and restore ideological balance to public corporations” has released a database identifying a list of financially dependent Fortune 100 companies. On China You could lose significant amounts of money if sanctions are imposed.
“In this current political climate, there are discussions about imposing severe trade tariffs on Chinese goods,” 1792 Exchange explained in a report. New report Released this week. “In addition to tariffs, US sanctions may be imposed on US companies doing business in China. For example, if China invades Taiwan, this could lead to sanctions such as those imposed on Russia after the invasion of Ukraine. If imposed, our assessment is US companies and investors could lose a significant amount of money.
“This raises a number of serious questions that require clear answers. What is the financial impact on these companies if the United States imposes sanctions or tariffs that put assets and revenue sources at risk? What concessions is the Chinese Communist Party imposing in order to achieve this? And how can these companies How do these circumstances impact their policies and operations in the United States and how can companies reconcile a potential ethical contradiction when their position on public policy in China conflicts with their behavior in the United States?
The report highlights more than 80 companies currently operating in China and estimates the amount of sanctions they are likely to face in the future, calculated “based on balance sheet data, trade data and sanctions calculations.”
One country's natural resources could put an end to America's dependence on China
Former Kentucky Attorney General Daniel Cameron spoke to Fox News Digital about his new report on Fortune 100 companies investing in China. (Getty Images)
The report includes dozens of companies, including Citigroup, Intel, Boeing, Disney, Nike, and John Deere.
While many listed companies have not fully disclosed the full extent of their business dealings in China, some have done so, and in those cases, 1792 Exchange has estimated the potential financial liability those companies face from potential sanctions in China during the incoming Trump administration.
A man waves the Chinese national flag as an amateur choir performs in a park in a residential neighborhood in Beijing. (Reuters/Thomas Peter)
In the case of Boeing, Countries report The company earns just under $5 billion a year from China and could face $1 billion in sanctions over an average of three years.
According to the report, Intel earns $18 billion annually from China, which represents 26.54% of its total annual revenue. The report concludes that sanctions in China could mean $5 billion in fines for Intel over an average of three years.
Citigroup is listed in the database as facing potential penalties worth $16 billion a year on average out of its revenue of $5 billion a year in China.
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Chinese President Xi Jinping. (Li Gang/Xinhua via Getty Images)
Fox News Digital spoke with Daniel Cameron, the former Republican attorney general of Kentucky and CEO of 1792 Exchange, about the report, and he said he hopes people take away from the data “the enormous amount of money our Fortune 100 companies stand to lose if a law is imposed.” “Penalties.” imposed on China.
Cameron told Fox News Digital that he is optimistic that the incoming Trump administration will implement policies that push the United States to independence from China.
“I hope we can bring a lot of jobs back to this country and a lot more companies and then make a ruling, a decision to stop their operations within the United States,” Cameron said. “This is good for the American worker, and I think particularly from some of the information that we've been able to share regarding the Chinese risk database, I hope that again, yes, I'm optimistic that President Trump will do that,” he added. It will do right by the United States for the American worker and consumer, and I hope that the information we have provided will help the administration, but it will also help CEOs, board leadership, and investors to be wise about their interests. relationship with China.”
Overall, the companies included in the report generate more than $600 billion in revenue from China on average, and would face sanctions totaling more than $150 billion on average.
“Far too many major American corporations hide from the public their involvement with an oppressive communist regime,” Cameron said of the data contained in the report. “This failure to provide any corporate transparency represents a blatant threat to America's future.” “Enough is enough. American workers, consumers and investors should understand where these key obligations lie.”
