PitchBook-美国新关税框架对亚太地区私人资本的影响-2026.pdfVIP

InstitutionalResearchGroupImplicationsoftheNewUS

AnselTan

Director,APACPrivateCapitalTarifFrameworkforAPAC

ansel.tan@

MelanieTngPrivateCapital

ResearchAnalyst,AlookatwhattheUSpolicyresetmeansforAPAC

APACPrivateCapital

melanie.tng@privatemarkets

pbinstitutionalresearch@

PitchBookisaMorningstarcompanyprovidingthemostcomprehensive,most

PublishedonFebruary24,2026accurate,andhard-to-inddataforprofessionalsdoingbusinessintheprivatemarkets.

Contents

Introduction1

Introduction

Whathashappenedsincethe2025

“LiberationDay”tariffs?2

TheUSSupremeCourt’srulingthattheTrumpadministrationexceededitsauthority

Whatisdifferentnow?3inimposingtariffsundertheInternationalEmergencyEconomicPowersAct(IEEPA),

ImplicationsforAPACPE4followedbytheTrumpadministration’srapidimplementationofanew10%global

tariffregimeunderSection122oftheTradeActof1974—laterincreasedto15%—has

ImplicationsforAPACVC5

reintroducedpolicyuncertaintyintoglobalmarkets.Whilethenewtariffscanremain

Conclusion6inplaceforupto150dayswithoutUScongressional