Tech companies that source a large part of their supplies from China could suffer under a second Trump term, according to Citi.
Citi analyst Atif Malik shared a basket of stocks that have China manufacturing exposure and could therefore face ramifications going forward.
While the company has a very high exposure to Chinese manufacturing, Malik said that Apple is currently making efforts to diversify its supply chain.
"China is the main manufacturing location for Apple with more than 90% manufacturing in China, in our estimates," the analyst said.
"Manufacturing is primarily conducted through contract manufacturers and original design manufacturers with manufacturing locations in China, Malaysia, Mexico, Taiwan, and Vietnam," he added.
Persons:
Donald Trump, Trump, Mike Johnson, Atif Malik, Malik, Apple
Organizations:
Tech, Trump, Citi, Biden, Republican, Logitech, Apple, Juniper Networks, Western Digital
Locations:
China, India, Malaysia, Mexico, Taiwan, Vietnam, Corning