General Electric Co., which garners about $7 billion a year in revenue from China, hasn’t suffered major harm yet from President Trump’s escalating trade war with the world’s second-largest economy, but executives are watching developments closely.

The tariffs on $250 billion of Chinese imports that have been announced by the White House so far might cost the Boston, Mass.-based company as much as $400 million, based on the $2.9 billion in products it brings to the U.S. from China annually, CEO John Flannery told investors on an earnings call Friday.

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