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The transatlantic container trade could be the most severely impacted if the US goes ahead ...
By Sam Whelan
US firms have urged Washington not to slap China-style trade tariffs on Vietnam.
The call comes after the US Treasury labelled Vietnam as a “currency manipulator”, following two probes into the country’s currency practices and timber industry by the Office of the US Trade Representative (USTR).
USTR Section 301 investigations are the same mechanism used to launch the tariff war with China, prompting fears that the same fate awaits its South-east Asian neighbour.
The Washington-based National Retail Federation (NRF) says Vietnam has become ...
Comment on this article
Avery Brown
January 07, 2021 at 6:13 pmI guess my on question would be. If the are so worried about tariffs why wouldn’t they just raise the currency to 4 cents to the usd. Would that not get United States off there back? Plus they would still be a better option then china with the currency still low and the labor still cheaper.