Vietnam Ducks Trump Tariffs
The Trump Administration declined to impose punitive Section 301 tariffs on the major source of sneaker imports, even after the U.S. Trade Representative found that Vietnam took unreasonable actions to devalue the dong. The USTR investigation report will be inherited by the incoming administration and Biden’s nominee for the role, Katherine Tai, but we suspect there will be more pressing matters monopolizing their attention than following through on a Trump threat. Vietnam was relieved by the outcome, averring it will continue to make efforts to open its markets, and strictly follow the terms of trade agreements with the U.S. It ... Log in to view full article.