KINGCLEAN(SH:603355) Di Yi Cai Jing·2025-07-04 12:58Group 1 - The recent trade agreement between the US and Vietnam will increase tariffs on goods exported from Vietnam to the US from 10% to 20%, while goods from other countries transiting through Vietnam will face a 40% tariff [4][7] - The agreement is currently in a framework stage, with further negotiations on rules of origin and other topics expected [4][7] - Experts believe that Vietnam's advantage as an alternative manufacturing base will be diminished due to the increased tariffs [7][8] Group 2 - Companies like Lek Electric report that approximately 80% of their products exported to the US are produced in Vietnam and Thailand, with the remaining 20% from China [5] - Lek Electric faces a potential increase in tariffs on products exported from China, which could be as high as 55%, depending on future negotiations between the US and China [5] - Other companies are considering shifting their production to markets like Europe if tariffs on goods exported from Vietnam increase [5][6] Group 3 - The new tariff structure is expected to pressure US customers to share some of the tariff costs, impacting the cost structure for Vietnamese factories exporting to the US [6] - The agreement includes provisions for zero tariffs on US goods entering Vietnam and extends the suspension period for high tariffs [7] - Companies that have invested in Vietnam may need to increase local supply chain investments to achieve higher origin ratios for better tariff benefits, although this presents significant challenges [8]