景顺：美元疲软为亚洲各央行放宽政策添灵活性

Group 1 - The latest delay in the implementation of US tariffs provides an opportunity for further negotiations, with 14 countries, including Japan and South Korea, facing tariffs ranging from 25% to 40% [1] - Vietnam recently reached a trade agreement with the US, avoiding an initially proposed 46% tariff, with many goods now subject to a 20% tariff, while transshipped goods will incur a 40% tariff [1] - Japan and South Korea are the largest exporters to the US among the countries receiving tariff notifications, with export totals of $148 billion and $131.5 billion respectively [1] Group 2 - Emerging markets are significantly influenced by the dollar in their export or import pricing, with most investment inflows in these markets being dollar-based [2] - If the US imposes higher tariffs on Asian countries, the Asia-Pacific region appears more capable of withstanding the resulting economic pressure [2] - A weaker dollar should provide greater flexibility for Asian central banks to ease policies to support their economies without excessive concern over currency depreciation [2]