The Nasdaq-100 index was recently down by as much as 23% from its all-time high, placing it in bear market territory. Global trade tensions, which were sparked by a series of tariffs President Donald Trump enacted on imported goods from the United States’ major trading partners, have rattled the markets. Investors often trim their exposure to stocks during uncertain situations and flock to the safety of assets like cash instead.
But not every company is directly affected by the simmering trade war since tariffs are typically imposed on physical imports. Netflix (NFLX 5.36%), for instance, sells subscriptions to its streaming platform for access to movies and TV shows. As digital products, they’ve been exempt from the tariffs so far.
Moreover, Netflix operates in over 190 countries so its revenue base is extremely diversified, which will provide some insulation if any governments decide to penalize…
