Economics
U.S. Deems Vietnam Currency Acts a Burden; No Duties Planned
- Treasury designated Vietnam a currency manipulator last month
- U.S. Chamber of Commerce welcomes decision not to levy duties
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The U.S. labeled Vietnam’s currency actions unreasonable and restrictive to American businesses, but refrained from hitting the nation with punitive tariffs.
The determination by the office of the U.S. Trade Representative is the result of an investigation that started in October under section 301 of the Trade Act of 1974 -- the same legislation the Trump administration has used to apply tariffs on billions of dollars of imports from China.