Company giants Amazon, Apple, Meta and Nvidia rank outdoors high 10 however nonetheless amongst tech corporations in danger
Normal Motors (GM), one among America’s high carmakers, leads US corporations in its publicity to China, perched in a fragile place as bilateral commerce tensions persist amid US President Donald Trump’s steep 55% tariffs on Chinese language imports, in keeping with a analysis report printed this week.
However GM is hardly alone. Elon Musk’s electrical automobile (EV) firm Tesla, rival carmaker Ford, engine producer Cummins, aerospace and tech agency Honeywell, beverage big Coca-Cola and chipmaker Qualcomm additionally rank within the high 10 for publicity to China, illustrating company America’s deep dependence on the nation.
Influential corporations Amazon, Apple, Meta and Nvidia didn’t make it to the highest 10 however stay among the many largest tech corporations in danger on account of disruptions within the Chinese language market and their world provide chains.
That’s in keeping with the most recent annual index from market analysis agency Technique Dangers, which assessed the highest 250 publicly listed US corporations to establish these most weak to US-China commerce tensions in 2025.
The report analyses a variety of public info – together with firm filings, media studies, and authorities information – to assign every agency an publicity rating from 0 to 100.
The analysis thought-about components corresponding to supply-chain dynamics, ties to the Chinese language authorities and Communist Get together officers, industry-specific laws in China and even biases within the information units associated to a agency’s transparency on China-related info.
With a rating of 69.8, GM topped the checklist, adopted carefully by Cummins and Honeywell at 65.6 and 62.9 respectively. Tesla scored 60.7 whereas Coca-Cola tallied 58, carefully trailed by Ford at 56.5 and Qualcomm at 56.2.
The report attributes GM’s high rating to its “comparatively excessive variety of joint ventures with Chinese language state-owned corporations”.
In keeping with the carmaker’s web site, it has 10 joint ventures in China, together with a 50-50 three way partnership known as SAIC-GM with SAIC Motor, a state-owned Chinese language firm.
In December, GM mentioned it anticipated to lose greater than US$5 billion because it reorganised its struggling enterprise in China, the place automobile gross sales have dropped sharply.
Tesla and Ford scored excessive this 12 months within the class assessing publicity to politically delicate areas and human-rights issues “on account of their in depth presence in Xinjiang and Tibet, in addition to their public overtures to the Chinese language authorities on delicate points”, the report acknowledged.
Colgate-Palmolive, a shopper merchandise firm, was additionally listed as among the many most weak to disruptions on account of its heavy reliance on Chinese language exports of plastic and electrical toothbrushes, “with a whole lot of containers shipped from Chinese language ports to the US in 2024”.
Apple, which topped final 12 months’s checklist at No 2, slipped to No 27 this 12 months, however it nonetheless rated among the many high six tech corporations most uncovered to China, together with Amazon, Microsoft, Meta and Nvidia.
Folks line up whereas ready at an Apple Retailer as Apple’s new iPhone 15 formally goes on sale throughout China, in Shanghai, China, on Sept 22, 2023. (File photograph: Reuters)
The California-based tech big nonetheless earns about 17% of its income from China, and a considerable danger lies in its a whole lot of producing services throughout the nation that construct iPhones and MacBooks.
The report warned that any critical supply-chain disruption in China “might show catastrophic” for Apple, even because it shifts extra of its manufacturing to India.
Electronics like smartphones and laptops are presently exempt from Trump’s 10% reciprocal tariffs on China.
Amazon ranked twentieth total, pushed by its heavy reliance on Chinese language-made merchandise, which dominate its shipments to Western markets.
In 2023, customers in the US spent about $200 billion on Chinese language items by way of Amazon, bringing the corporate an estimated $70 billion in internet revenue.
Microsoft positioned twenty ninth, with the report citing 1000’s of electronics shipped from China in 2024. Key synthetic intelligence (AI) parts like doped silicon wafers face a 50% tariff, doubtlessly slowing its AI growth.
Nvidia got here in at eighty fifth, hindered by American export bans on its high chips to China. The corporate is now specializing in autonomous driving, supplying Orin chips to Chinese language electrical automobile maker Construct Your Desires (BYD), the world’s largest within the sector.
Meta ranked 94th, with its China income rising 34% in 2024 to account for 11% of whole earnings.
It additionally earns about $7 billion a 12 months from Chinese language retailers like Temu and Shein by way of advert gross sales and depends on Chinese language electronics for its digital actuality (VR) and AI {hardware}, the report discovered.
Shein and Temu logos are seen on this illustration taken on Aug 22, 2024. (File photograph: Reuters)
