Tax Policy Impacts - The "One Big Beautiful Bill" Act (OBBB) aims to extend and expand tax cuts from the 2017 Tax Cuts and Jobs Act (TCJA), reducing the corporate tax rate from 35% to 21% permanently[1][7] - The Act repeals provisions from the Biden administration aimed at reducing traditional energy consumption, benefiting traditional energy companies[1][7] Indirect Support for Infrastructure and AI - OBBB does not directly fund traditional manufacturing or infrastructure projects but focuses on tax policy and deregulation, which may indirectly support infrastructure and AI development by reducing corporate costs[2][8] - Permanent full expensing provisions for equipment, R&D, and plants allow companies to deduct the full cost of capital investments immediately, reducing financial burdens and encouraging investment in advanced manufacturing[3][9] Opportunity Zones and Investment Attraction - The Act expands Opportunity Zones to attract private capital into economically distressed areas, enhancing investment in projects like smart city technology and logistics hubs[4][10] - Deregulation measures simplify the approval process for infrastructure projects, potentially accelerating project timelines[4][10] Economic Growth and Local Industry - Tax cuts and capacity expansion incentives are expected to enhance the profitability and competitiveness of domestic industrial enterprises in the U.S. market[5][11] - Increased production capacity is anticipated to improve market share and meet local manufacturing demands, while personal tax reductions may boost overall consumption[5][11] Investment Recommendations - Companies that may benefit from the policy's tax cuts and required equipment investments include Vistra, Constellation, Talen Energy, GE Vernova, Schneider Electric, Eaton, Vertiv, Honeywell, Cummins, and Caterpillar[6][12] Risk Factors - Potential risks include slower-than-expected U.S. economic growth, changes in U.S. policy, and geopolitical uncertainties[6][13]

• 技术性对话性质： 双方重点明确商品原产地计算机制、防止非法转运，以确保"越南制造"的产品在越南具有实际 的增值。 • 未公布具体数据： 美国贸易代表办公室（USTR）和越南工贸部均未公布新的关税比例，仅同意在90天内维持10% 的暂缓税率，并考虑将最高46%的高关税下调至较低水平。 2. 双方承诺与建议： 2.1 越南方面： 关于越南 - 美国谈判会的信息： 越美关于对等关税的首次谈判于2025年5月7日在华盛顿举行，双方本着"利益协调、风险共担"的精神，达成了"积极 的初步成果"。双方未公布具体的税率调整数据，但已同意继续进行技术磋商并在未来进一步沟通交流。 1. 5月7日谈判结果概况： • 积极初步评价： 越南总理范明政表示，越南已"冷静、主动、同步地采取多项灵活应对措施，并在谈判开幕阶段取 得了积极的初步成果"。 • 考虑下调关税至22–28%： 据内部消息，美方暗示，如越南能提供足够的产地改革措施说明，美方可能将对等关税 调整至22–28%。 • 合作打击贸易欺诈： 美方强调需加强合作，调查和处理伪造单据、骗取税收等贸易欺诈行为。 3. 下一步行动： • 继续进行技术磋商： 双方谈判代表团预计将在 ...