Ustr Announces No Tariff Action With Vietnam At This Time

Ustr said it found that the agreement between the US Department of Finance and the State Bank (SBV) in Vietnam earlier this week 'gave a satisfactory solution to the issue being investigated and therefore will not have onions What taxes are for Vietnam at this time'.0: 00/1: 38 NAM NAM DAY 23/7, US TRADE MINISTRY (USTR) has announced the official decision on the 301 survey Regarding the currency activities of Vietnam, whereby this agency will not take any tariff action against Vietnam. In a statement, Ustr said it found that the agreement between the US Finance Ministry and the Bank The State (SBV) in Vietnam was in the earlier this week, "giving a satisfactory solution to the issue being investigated and therefore there will be no tax to tax on Vietnam at this time" .ustr will coordinate Conforming with the US Department of Finance to carry out the monitoring of Vietnam's monetary activities in the future. The State Bank of Vietnam on Monday has committed in an agreement with JANET Finance Minister Yellen of the United States to curb "competitive devaluation" for his copper currency and make the monetary policy and more transparent exchange rates

. This agreement takes place after the US months of pressure on Vietnam Regarding the currency activities of Vietnam and the US trade surplus. In the last weeks, the President Trump government initiated the investigation of Vietnam to manipulate the currency according to section 301 and anvil threaten to impose punishments to imported goods from Vietnam. Regarded 23/7/2021 of Ustr only relating to Vietnam's currency activities Does not affect another survey on Vietnamese use of illegal or illegal timber, which can lead to the US to tax furniture and other wood products imported from Vietnam. th

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