‘Enough is enough’: New report warns major US companies at risk of hefty fines from potential China sanctions

A nonprofit organization with the goal of “preserving freedom and restoring ideological balance to public corporations” released a database detailing a list of Fortune 100 companies that are financially dependent. about china and could lose large sums of money if sanctions were never put in place.

“In this current political climate, there are discussions about imposing severe trade tariffs on Chinese goods,” 1792 Exchange explained in a new report released this week. “In addition to tariffs, American sanctions may be imposed on American companies doing business in China. For example, if China invades Taiwan, it may result in sanctions similar to those imposed on Russia after its invasion of Ukraine. If imposed, our assessment is that US companies and investors could lose a substantial amount of funds.

“This raises a number of serious questions that demand clear answers. What financial impact would it have on these companies if the US imposed sanctions or tariffs that would put both assets and revenue streams at risk? What commitments are being imposed by the CCP in order for these companies to invest in China and do business there How do these conditions influence their policies and operations in the United States How do they reconcile potential moral inconsistencies when their position of public policy in China disagree with their behavior in the United States?”

The report highlights more than 80 companies currently operating in China and estimates the amount of penalties they could face in the future, which was calculated “based on balance sheet data, trade data and penalty calculation “.

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Dozens of companies are included in the report, including Citigroup, Intel, Boeing, Disney, Nike and John Deere.

While many of the companies listed have not fully disclosed the full extent of their trade negotiations with China, some have, and in those cases, 1792 Exchange estimated the potential financial liability these companies face for possible sanctions on China during the next Trump administration.

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In the case of Boeing, the declares the report that the company earns just under $5 billion a year from China and could face penalties of $1 billion over an average three-year period.

Intel, according to the report, earns $18 billion annually from China, accounting for 26.54% of its total annual revenue. Sanctions in China could mean $5 billion in penalties for Intel over a three-year period on average, the report concluded.

Citigroup is listed in the database as potentially facing $16 billion a year in penalties on average of its nearly $5 billion a year in China revenue.

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Fox News Digital spoke with Daniel Cameron, former Republican Kentucky attorney general and CEO of 1792 Exchange, about the report, and said he hopes people will take away from the data the “incredible amount of money that our companies in Fortune 100 could lose if sanctions.” imposed on China”.

Cameron told Fox News Digital that he is optimistic that the incoming Trump administration will implement policies that promote American independence from China.

“My hope is that we can bring a lot of jobs back to this country and more companies and then make a judgment, a decision to park their operations in the United States,” Cameron said. “This is good for the American worker and I think especially through some of the information that we’ve been able to share with regard to this China risk database, I’m hopeful that again, yes, be optimistic that President Trump will do well on behalf of the American worker and consumer and I hope that the information we have provided will help the administration but also help CEOs and management and investors wise about the its relationship with China”.

Overall, the companies listed in the report generate more than $600 billion in revenue from China on average and would face penalties totaling more than $150 billion on average.

“Many of America’s largest corporations are shielding the public from their involvement with an oppressive communist regime. This lack of corporate transparency is a glaring threat to America’s future,” Cameron said of the report’s findings . “Enough is enough. American workers, consumers and investors should be aware of where these huge liabilities lie.”