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United States agreement with Vietnam on currency practices; possible Section 301 tariff implications

The United States—in reaching an agreement with Vietnam regarding its currency practices—is no longer expected to take further action with regard to a Section 301 investigation and possible additional tariffs on imports from Vietnam. The Office of the U.S. Trade Representative (USTR) on July 23, 2021, confirmed that “no trade action is warranted at this time.” Read the USTR release

Source KPMG

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