Citi Research: Tech Companies Anticipate Manageable Effects from Recent US Tariff Changes on Their Supply Chains in China
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Source: aastocks
Supreme Court Ruling: The US Supreme Court ruled that the reciprocal tariffs imposed by former President Trump under the IEEPA were unconstitutional, leading to their overturning.
New Executive Order: Following the ruling, Trump signed a new executive order to impose a 10% "global tariff" on all imported goods, with plans to increase it to 15% on February 21.
Impact on OEMs: Citi Research believes that the diversification strategy of US Original Equipment Manufacturers (OEMs) will remain unchanged despite the tariffs.
Manageable Effects on Supply Chain: The impact of the tariffs on the supply chains of major companies like Apple, NVIDIA, and leading Cloud Service Providers is expected to be manageable and will gradually lessen.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
