These 11 stocks are struggling as the trade war with China heats up

Arjun Reddy
Updated

  • These 11 companies rely heavily on sales to China, according to Goldman Sachs.

  • The companies' returns have lagged the market since President Donald Trump announced additional tariffs on May 5, andmay be subject to further volatility if trade tensions continue.

  • Visit MarketsInsider.com for more stories.

President Trump launched a new bout of stock-market volatility on May 5 by announcing additional tariffs on Chinese goods. In particular, stocks with significant revenue exposure to China have come under pressure.

According to a new report from Goldman Sachs, US stocks with exposure to China have significantly lagged the S&P 500 since Trump's tweet.

In particular, the semiconductor industry has significant exposure to China. The iShares PHLX Semiconductor ETF is down 17% since May 5 while the S&P 500 lost just 5%. Other sectors, such as gaming and commercial lasers, have also been affected.

Markets Insider highlights the 11 companies that have the most sales exposure to China:

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