American tech companies have up to $150 billion at stake in the China-US trade fight
U.S. technology companies generate roughly $100 billion to $150 billion in revenues from China annually, Jefferies analysts estimate. As a result, the Trump administration will likely pursue concessions from Beijing, rather than cut off all tech trade, analysts Edison Lee and Timothy Chau said in a note. "We continue to believe the U.S. will make only highly calculated moves, by factoring in the commercial interest of U.S. tech firms."
Mon, May 14 201810:45 AM EDT