President Trump’s protectionist agenda and the resultant trade war have made smaller caps gain an upper hand over larger cap. This is because large caps have wider foreign exposure and thus any negative development pertaining to the global economy does not bode well for this category. It is fraught with risks emanating from ongoing trade tensions, the likely strength in the greenback and a slowdown in several foreign economies.Trade tension between China and the United States has escalated of late, with the Trump administration levying more tariffs on Chinese goods worth of $200 billion, starting next week. This will likely push up prices of goods ranging from handbags to bicycle tires, per the source. The tariffs will start at 10%, beginning Sep 24, and then shoot up to 25% on Jan 1.Beijing has threatened to hit back with an additional $60 billion in American goods if Trump goes ahead with more tariffs. And if China hits back, Trump threatened to levy $267 billion further on Chinese imports. That would take the total levy to $517 billion — meaning that almost every Chinese import will come under the higher tariffs.Notably, Trump has already enacted 25% tariffs on $50 billion in Chinese goods, which has been retaliated by China, mainly targeting American soybeans among other goods (read: China's Likely Retaliation to US Tariffs & Its Impact on ETFs).As a result, the domestically focused pint-sized stocks got a reason to soar. This is especially true given that the U.S. economy is on a strong footing right now. Most of the analysts including Goldman Sachs’ U.S. equity strategist David Kostin believe that “if trade tensions continue to rise and new tariffs are proposed and implemented, stocks with the highest domestic sales exposure should outperform (read: US-Sino Trade War Escalates: Most Vulnerable Sector ETFs).”Still, many investors may be eyeing large-cap stocks due to their stability and upbeat corporate earnings of the S&P 500 index. For them, Goldman Sachs has identified some S&P stocks that have high domestic revenue exposure. Those stocks are mainly from the telecommunications, consumer, financials and health-care sectors, according to the report issued by Goldman Sachs. Investors can also tap the ETFs that are heavily invested in those stocks.Consumer SectorGoldman has identified stocks like Dollar General DG and Target TGT. VanEck Vectors Retail ETF RTH puts 4.25% weight in Target and 2.42% weight in DG. So, investors can track the movement of RTH in the coming days along with those stocks.TelecomVerizon Communications VZ is one of the largest communication technology companies and has substantial domestic exposure, per Goldman. The company has double-digit exposure to Fidelity MSCI Telecommunication Services Index ETF FCOM, iShares Global Telecom ETF IXP and iShares U.S. Telecommunications ETF IYZ.FinancialCompanies likeSunTrust Banks Inc. STI, Wells Fargo WFC and Charles Schwab SCHW have greater domestic exposure despite being big companies. WFC and STI have7.96% and 4%, respectively, in the fund Invesco KBW Bank ETF KBWB. On the other hand, Charles Schwab has about 8.6% focus on iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI.UtilityGoldman also pointed that Dominion Energy Inc. D is more domestically focused. It is the top holding of the fund VanEck Vectors Uranium+Nuclear Energy ETF NLR, with about 8.77% exposure.On the other hand, Utilities Select Sector SPDR Fund XLU puts 6.6% weight in the company. Investors should note that utility ETF XLU has a Zacks Rank #5 (Strong Sell) as the sector underperforms in a rising rate environment. But our ETF Ranks are based on a long-term view (six months). Performance of an ETF can vary in a short-term period, depending on the global market developments.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dominion Energy Inc. (D): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report SunTrust Banks, Inc. (STI): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report The Charles Schwab Corporation (SCHW): Free Stock Analysis Report ISHARS-US BR-D (IAI): ETF Research Reports VANECK-URNM+NUC (NLR): ETF Research Reports SPDR-UTIL SELS (XLU): ETF Research Reports ISHARS-GLB TELE (IXP): ETF Research Reports ISHARS-US TELE (IYZ): ETF Research Reports PWRSH-KBW BP (KBWB): ETF Research Reports FID-TELECOM (FCOM): ETF Research Reports VANECK-RETAIL (RTH): ETF Research Reports Dollar General Corporation (DG): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report