USTR Releases Section 301 Report on Vietnam Currency, Won't Take Action 'at This Time'
The U.S. Trade Representative won't immediately impose new tariffs or take other action as a result of the Section 301 investigation into Vietnam's currency valuation practices, the agency said in a news release. While "USTR is not taking any specific actions in connection with the findings at this time," it "will continue to evaluate all available options," it said.
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“Unfair acts, policies and practices that contribute to currency undervaluation harm U.S. workers and businesses, and need to be addressed,” said USTR Robert Lighthizer. “I hope that the United States and Vietnam can find a path for addressing our concerns.” USTR also released the investigation report and official notice.