Citi: Trump's tariffs have a significant impact on the apparel or footwear business, optimistic about Techtronic Industries and Shenzhou International, etc

Citi released a research report stating that it believes tariffs will generally be adjusted in response to ongoing negotiations. Among Chinese exporters, the bank is optimistic about Techtronic Industries, SHENZHOU INT, JiuXing Holdings, and Crystal International, but has given "sell" ratings to Zhejiang Dingli and QuanFeng Holdings. U.S. President Trump sent letters regarding tariff policies to 14 countries, including Japan and South Korea, announcing new tariffs ranging from 25% to 40%, and further extending the implementation date for reciprocal tariffs to August 1. Tariffs have a significant impact on the apparel and footwear businesses, as these sectors have important production facilities in ASEAN