Some of China’s biggest manufacturers that supply U.S. multinationals from Walmart Inc. to Nike Inc. find themselves in President Donald Trump’s cross hairs as his administration discusses new import tariffs.
The U.S. is considering taxing imports from shoes and clothing to consumer electronics, putting on the hook companies including Yue Yuen Industrial Holdings Ltd. and Li & Fung Ltd. that help fuel the about $450 billion in Chinese goods imported to America annually. Chinese manufacturers won’t be the only ones hurt in a trade war, as their close relationships as suppliers to American brands will likely create a ripple effect.