美国宣布部分重要东南亚国家关税，纺造行业清晰度提升

Core Insights - The report highlights the recent announcement by President Trump regarding the imposition of tariffs on imports from 14 countries, which has increased clarity in the textile and apparel industry [1] - Vietnam is positioned favorably with the lowest tariff rate of 20% among the listed countries, making it more attractive for clients and manufacturers [3][5] - The report anticipates that long-term tariff costs will likely be passed on to consumers, impacting profit margins for brands and supply chain entities [3][4] Summary by Sections Tariff Announcement - On July 7, President Trump announced tariffs on imports from various countries, with rates ranging from 25% to 40% depending on the country [1] - The tariffs on Vietnam's exports to the U.S. are set at 20%, which is significantly lower than those imposed on other countries [3] Industry Impact - Vietnam's competitive tariff rate is expected to attract more orders for manufacturing companies, especially those with established production capacities [3][5] - The report notes that existing manufacturers in Vietnam will have a competitive edge due to the increasing costs and difficulties associated with expanding production capacity [3] Future Considerations - There is uncertainty regarding the tariff levels for major manufacturing countries like China, Sri Lanka, and India, which could affect the overall market dynamics [3][4] - Companies like NIKE have already begun to raise prices in North America to mitigate the impact of tariffs, indicating a trend that may continue across the industry [4] Investment Recommendations - The report suggests focusing on companies with established production capabilities in Vietnam, such as Superwin International Holdings (2111.HK), Crystal International (2232.HK), and Nanshan Holdings (1982.HK), with a recommendation for Shenzhou International (2313.HK) [5]