Adds quote from U.S. assertion, background
Adds quote from U.S. assertion, background
WASHINGTON, April 1 (Reuters) – U.S. Commerce Consultant Katherine Tai, in a name on Thursday with Vietnam’s minister of trade and commerce, highlighted U.S. considerations about Vietnam’s foreign money practices, a USTR assertion stated.
Tai and the Vietnamese minister Tran Tuan Anh additionally “mentioned U.S. considerations on unlawful timber practices, digital commerce and agriculture,” the assertion stated.
The U.S. Treasury Division in December labeled Vietnam a “foreign money manipulator” as a consequence of its rising commerce surplus with the US, its giant international present account surplus and heavy international trade market intervention to carry down the worth of its dong foreign money.
In January, the USTR launched the outcomes of its so-called Part 301 investigation into Vietnam’s foreign money practices. It discovered Vietnam’s actions to push down the worth of its foreign money have been “unreasonable” and restricted U.S. commerce, but it surely didn’t take quick motion to impose punitive tariffs.
(Reporting by Eric Beech; Enhancing by Leslie Adler and Grant McCool)
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