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Trade war

'China exit' limited to some American sectors -- and not for home

Most manufacturers intend to stay, while Tesla eyes new export opportunities

NEW YORK -- Only a specific slice of American companies are moving factories out of China, much less returning home. Some, including electric-car builder Tesla, are even revving up their production engines on the mainland, despite U.S. President Donald Trump's trade war aimed at bringing American manufacturing back.

While nearly all companies in apparel and smartphones have moved, plan to move, or are considering moving at least part of their operations out of China, few companies in many other industries are doing so, according to a Goldman Sachs report released Friday.

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