2018 年，在中国sale最多的，属于S&P 500的，前20个美国公司在中国的sale总和是$158.4B, 这其中多少是在中国产，中国卖，不算在美国对中国的贸易量中的？ 反观有什么中国公司，能在美国产卖给美国，而不算中国对美国的贸易量？ 几乎没有。 当然美国公司赚的钱美国大部分群众也获不了利。
所以贸易战的胜利可能也不能单单用现在的顺差/逆差计算方法来评估。也不能用金钱衡量。 美国的战略目标是什么？ 让中国制造2025变成不可能。 中国的战略目标是什么？ 不依赖这20个美国公司。 谁能达到自己的战略目标，谁就是这次贸易战的赢家。 希望美中能合作而不是对抗。
The 20 U.S. companies among the S&P 500 with the highest level of sales, in U.S. dollars, in China during the most recently reported full fiscal year, totaling $158.4 billion:
| Company | Ticker | ‘China’ sales ($mil) | Total revenue - most recent reported fiscal year ($mil) | Share of sales in ‘China’ |
| Apple Inc. | AAPL, -1.39% | $44,764 | $228,572 | 19.6% |
| Intel Corp. | INTC, -0.90% | $14,796 | $62,761 | 23.6% |
| Qualcomm Inc. | QCOM, +2.46% | $14,579 | $22,291 | 65.4% |
| Boeing Co. | BA, +0.15% | $11,911 | $93,392 | 12.8% |
| Micron Technology Inc. | MU, -0.84% | $10,388 | $20,322 | 51.1% |
| Broadcom Ltd. | AVGO, -0.03% | $9,466 | $17,636 | 53.7% |
| Cisco Systems Inc. | CSCO, +0.83% | $7,650 | $48,005 | 15.9% |
| Texas Instruments Inc. | TXN, +0.40% | $6,600 | $14,961 | 44.1% |
| Procter & Gamble Co. | PG, +1.70% | $5,205 | $65,058 | 8.0% |
| Starbucks Corp. | SBUX, +0.67% | $4,512 | $22,384 | 20.2% |
| Western Digital Corp. | WDC, -1.21% | $4,271 | $19,093 | 22.4% |
| Nike Inc. Class B | NKE, +1.17% | $4,237 | $34,254 | 12.4% |
| 3M Co. | MMM, +0.33% | $3,255 | $31,657 | 10.3% |
| Skyworks Solutions Inc. | SWKS, -1.29% | $3,018 | $3,651 | 82.7% |
| Applied Materials Inc. | AMAT, -0.34% | $2,746 | $14,537 | 18.9% |
| TE Connectivity Ltd. | TEL, +0.02% | $2,414 | $13,113 | 18.4% |
| Corning Inc | GLW, +0.52% | $2,230 | $10,115 | 22.0% |
| Abbott Laboratories | ABT, +0.04% | $2,146 | $27,390 | 7.8% |
| Cummins Inc. | CMI, +0.03% | $2,137 | $20,428 | 10.5% |
| Amphenol Corp. Class A | APH, +0.49% | $2,067 | $7,011 | 29.5% |
| Source: FactSet | ||||
As you can see, in a potential trade war with China there would be nowhere to hide even if you were invested in a broad index fund. Apple Inc. AAPL, -1.39% alone has a market value of nearly $845 billion, or 3.8% of the total value of the S&P 500.
