The United States announced that it would launch 301 investigation on Vietnams timber and exchange rate policy

category:Finance
 The United States announced that it would launch 301 investigation on Vietnams timber and exchange rate policy


The Wall Street Journal reported on the 2nd that in the exchange rate assessment submitted to the Ministry of Commerce in August this year, the U.S. Treasury Department has identified Vietnams behavior of lowering its own currency exchange rate in 2019, which provides the basis for the Ministry of Commerces decision to impose punitive tariffs on Vietnamese tires in the investigation of anti-dumping and countervailing duties on Vietnamese passenger car tires.

The so-called 301 investigation originates from section 301 of the United States trade act of 1974. The clause empowers the US trade representative to initiate an investigation into the unreasonable or unfair trade practices of other countries and to recommend unilateral sanctions to the president of the United States after the investigation. (end)