Law & Order

USTR Will Not Pursue Tariffs in Vietnamese Currency Investigation Case

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By SEMA Washington, D.C, Staff

The U.S. Trade Representative (USTR) is not imposing tariffs or taking any other specific action at this time with respect to its Section 301 investigation of unfair currency valuation by Vietnam. The USTR issued a report that finds “Vietnam’s acts, policies, and practices including excessive foreign exchange market interventions and other related actions, taken in their totality, are unreasonable and burden or restrict U.S. commerce.” However, the USTR decided to defer to the incoming Biden administration on further action.

For more information, contact Stuart Gosswein at stuartg@sema.org.