Trump's final trade jab may be tariffs on Vietnamese goods - experts
(Reuters) President Donald Trump is likely to unveil proposed tariffs on Vietnamese goods before he leaves office in January, currency and trade experts say, after the U.S. Treasury branded the growing U.S. trade partner a “currency manipulator” last week.
U.S. companies that import goods from Vietnam should brace for significant tariffs from the U.S. Trade Representative’s (USTR) “Section 301” investigation into currency valuation practices, experts say.
Results of the probe, running in parallel with the Treasury review announced last week, could be public as soon as Jan. 7.
“It is wise to be planning now for the conclusion of the Section 301 process because, especially with the Treasury designation, it is extremely likely that the United States will impose some kind of retaliation against Vietnam,” said Deborah Elms, executive director of the Singapore-based Asian Trade Centre.
To Read More: https://www.reuters.com/article/usa-trade-vietnam-analysis/trumps-final-trade-jab-may-be-tariffs-on-vietnamese-goods-experts-idUSKBN28V18F
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