Wynn Resorts and other US companies that could get hit in a US-China trade war

The U.S.-China trade dispute escalated Friday with the Trump administration announcing tariffs on $34 billion worth of Chinese goods that will take effect July 6. Beijing quickly responded with its own list of U.S. goods worth about the same amount that will also be subject to tariffs on July 6.

U.S. stocks fell Friday amid concerns about a trade war.

Other companies on Morgan Stanley’s list with 30 percent or more revenue exposure to China include logistics company Expeditors International of Washington and automotive seating manufacturer Adient.

By industry, semiconductor and semiconductor equipment companies have the highest revenue exposure to China at 52 percent, the report said. Chipmaker Qualcomm ranked second on the list of individual companies most exposed to China, at 65 percent.

Energy, and technology hardware and equipment have 14 percent revenue exposure to China, according to Morgan Stanley.

Source: Thomson Reuters, Morgan Stanley Research Estimates