US Chides Vietnam Over Currency, But Makes No Tariff Threat
Alex Lawson, 15 January 2021
The Office of the U.S. Trade Representative found that Vietnam’s currency manipulation is unfairly hindering U.S. businesses but held off on teeing up new tariffs against Hanoi on Friday, leaving a final decision in the case up to the incoming Biden administration.
After a three-month investigation, the USTR found that Vietnam’s persistent undervaluation of its currency, paired with its more recent intervention in foreign exchange markets, artificially lowered the prices of Vietnamese exports to the U.S., leaving U.S. producers at a disadvantage. Continue reading “Article: US Chides Vietnam Over Currency, But Makes No Tariff Threat”
