美媒研究报告披露：与美国达成的贸易协议令东南亚四国获利甚微，回报或不及美国

Core Insights - The recent trade agreements between the U.S. and four Southeast Asian countries are expected to yield minimal benefits for these ASEAN members, potentially less than the gains for the U.S. [1] Group 1: Trade Agreements Overview - The U.S. announced trade agreements with Cambodia and Malaysia, along with a framework arrangement with Thailand and Vietnam, aimed at expanding market access for U.S. goods [1] - The agreements include commitments from the ASEAN countries to purchase U.S. agricultural products, energy products, and aircraft, while ensuring supply channels for critical minerals [1] Group 2: Impact on ASEAN Countries - According to Bloomberg Economics, the agreements may signal a negative outlook for other countries seeking substantial reductions in "reciprocal tariffs" [3] - Even if the U.S. were to eliminate all products on the potential tariff exemption list, it would only cover less than 1% of total imports from Cambodia, 3% from Malaysia, 3.5% from Thailand, and 2.7% from Vietnam [3] - The agreements reference a limited potential tariff exemption list published by the U.S. last September, which includes products that are either already exempt from tariffs or subject to additional conditions [3] Group 3: Negotiation Dynamics - The limited scope of the exemption list may hinder substantial tariff reductions for ASEAN exports to the U.S. [3] - The U.S. government's focus on critical minerals could provide Malaysia, Thailand, and Vietnam with opportunities to enhance their negotiation positions [3]