Trump's China Trade Spat Stirs Little Concern in Stock Market
- U.S. said to plan up to $60 billion tariffs on Chinese goods
- American stocks with heavy China exposure holding up well
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The trade tension between the U.S. and China is running high, with President Donald Trump said to plan tariffs of as much as $60 billion on Chinese goods. But equity investors seem unfazed.
A basket of American companies compiled by Morgan Stanley that get at least 10 percent of their revenue from China has risen this month relative to the S&P 500, driving their performance ratio to the highest level since October 2013. The list includes stocks such as Apple Inc., Tiffany & Co. and Boeing Co.