Nikkei News reported that strategic risk consultancy Strategy Risks released its latest risk index, showing that General Motors (GM) is the most exposed U.S. company to risks from the Chinese market, amid escalating U.S.-China trade tensions.
The New York-based firm assessed 250 publicly listed American companies to evaluate their China-related risks. GM ranked first with a risk score of 69.8 out of 100, primarily due to its extensive partnerships with Chinese state-owned enterprises. According to GM’s website, the company operates 10 joint ventures in China, including major collaborations with state-owned SAIC Motor. GM also faces significant financial exposure and is among the most reliant on the Chinese market.
Cummins, an engine equipment manufacturer, ranked second, followed by aerospace company Honeywell, with risk scores of 62.9 and 60.7, respectively. Cummins’ ranking rose after the company established a natural gas vehicle assembly line in Xinjiang, where China has been accused of human rights abuses against Uyghur Muslims.
Other companies highly vulnerable to U.S.-China tensions include Colgate-Palmolive, Philip Morris, and Tesla, due to their heavy reliance on Chinese exports of electric toothbrushes and lithium-ion batteries. Rounding out the top ten are retailer TJX Companies, Intel, FedEx, and Procter & Gamble.
Source: Epoch Times, June 24, 2025
https://www.epochtimes.com/gb/25/6/24/n14537834.htm