The 10 countries most at risk from a trade war between the US and China

Like others on this list, the country is relatively small and sensitive to market volatility. Major industries include tourism, fish processing and aluminum smelting. Most of its exports go to the EU, US, and Japan.

China is Malaysia's largest trading partner, which makes it vulnerable to this potential trade war. Top industries include tin, rubber, palm oil and finance for the Islamic world.

The highly developed free market economy has been ranked as one of the most open in the world, exporting electronics, chemicals and financial services. There is over $100 billion of annual bilateral trade between Singapore and China.

Known for being one of the most technologically advanced economies in the world, it produces electrical machinery, cars, steel and ships. The US, China, and Singapore are top trading partners.

A member of the EU, its main trading partners are Germany and other EU countries, but focus on high-tech engineering makes it globally interconnected.

Hungary has an export-oriented market economy which is heavily dependent on foreign trade. Agriculture, autos, IT, electronics and chemicals are all key industries.

Slovakia has strong services, heavy industry, and agricultural sectors. Its foreign trade has been growing rapidly year-on-year, but the trade war could have a severe impact.

This capital and technology-intensive economy off the coast of China is among the most globalised in the world. Its major exports include electrical machinery like semiconductors, computers, and plastic. Taiwan is notoriously vulnerable to global economic downturns.

Luxembourg's major industries include banking, information services, steel, and other industrial outputs. The small European country has the second highest GDP per capita after Qatar but is very dependant on trade, making it vulnerable to fallout from the Sino-US confrontation.