The U.S. and China nailed a tariff agreement over two days, immensely paring back tariffs for 90 days. The U.S. will briefly axe tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on U.S. imports from 125% to 10%.

Citi’s research report noted that this temporary resolution is positive for Chinese exporters, particularly those with high exposure to the U.S. market, including CHERVON (02285.HK)  -0.220 (-1.493%)    Short selling $1.20M; Ratio 6.529%   , TECHTRONIC IND (00669.HK)  -0.370 (-0.400%)    Short selling $36.11M; Ratio 17.564%   , GREAT STAR (002444.SZ)  -0.760 (-3.009%)   , and STELLA HOLDINGS (01836.HK)  -0.300 (-1.814%)    Short selling $1.23M; Ratio 7.019%   .

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A long-term trade agreement could be reached within the next 90 days, Citi forecast. Lower tariffs may also raise the likelihood of faster U.S. interest rate cuts and mitigate risks of slowing U.S. consumer spending.

Among Chinese exporters’ supply chains, Citi was most optimistic about SHENZHOU INTL (02313.HK)  -1.100 (-1.869%)    Short selling $7.81M; Ratio 3.923%   , followed by TECHTRONIC IND, GREAT STAR, and STELLA HOLDINGS, while assigning a Sell rating to CHERVON.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-15 12:25.) (A Shares quote is delayed for at least 15 mins.)