泰国大城银行研究中心：2025贸易战2.0：迫在眉睫的长期风险研究报告（英文版）-三个皮匠报告

1、CoverTrade War 2.0:Lingering Risks on the HorizonResearch IntelligenceDecember 2025Krungsri ResearchContentsSubscribe UsContentsDisclaimerUnless explicitly stated otherwise,this publication and all material therein is under the copyright of Krungsri Research.As such,the reuse,reproduction,or alterat

2、ion of this text or any part thereof is absolutely prohibited without prior written consent.This report draws on a wide range of well-established and trustworthy sources,but Krungsri Research can make no guarantee of the absolute veracity of the material cited.Moreover,Krungsri Research will not be

3、held responsible for any losses that may occur either directly or indirectly from any use to which this report or the data contained therein may be put.The information,opinions,and judgements expressed in this report are those of Krungsri Research,but this publication does not necessarily reflect th

4、e opinions of Bank of Ayudhya Public Company Limited or of any other companies within the same commercial group.This report is an accurate reflection of the thinking and opinions of Krungsri Research as of the day of publication,but we reserve the right to change those opinions without prior notice.

5、For research subscription,Executive Summary3Recent Developments on U.S.tariffs4Direct Impacts from U.S.tariffs8Twin Influx9Expansion of Section 232 Tariffs10Potential Transshipment Tariffs11Krungsri Research View13References15The announcement of a framework for a trade agreement between Thailand and

6、 the U.S.on October 26 might be considered“good news”by many parties.However,Thailand had to make substantial concessions to the U.S.in exchange for a reciprocal tariff of 19%,which is higher than the Effective Tariff Rate(ETR)previously imposed on Thailand,averaging only 0.7%.Meanwhile,Thailand rem

泰国大城银行研究中心：2025贸易战2.0：迫在眉睫的长期风险研究报告（英文版）（17页）.pdf

相关报告