pattern

There are currently no tariffs or quotas on Vietnam as a result of these investigations.

On October 8, 2020, USTR initiated Section 301 investigations into Vietnam's acts, policies and practices related to (1) the importation and use of illegal timber and (2) currency valuation. These investigations could result in tariffs, quotas, or other restrictions on imports from Vietnam if consultations do not yield a successful resolution.

Illegal Timber Investigation

No findings have been announced in this investigation and no tariffs, quotas or other restrictions have been imposed.

Currency Valuation Investigation

On January 15, 2021, USTR issued findings that Vietnam's acts, policies and practices related to currency valuation discriminate against US companies and burden or restrict US commerce.

On July 23, 2021, USTR announced that no action would be taken against Vietnam at this time. No tariffs, quotas or other restrictions will be imposed.

USTR did not take action because the U.S. Department of Treasury and the State Bank of Vietnam reached a joint agreement on July 19 providing satisfactory resolution to the currency valuation matter.

For additional information on the potential impact of these investigations, please contact Nicole Bivens Collinson or Kristen Smith.

Official Documents

Dates & Deadlines

Item Date
USTR initiates the currency and timber investigations October 8, 2020
Deadline for submitting written comments on the currency investigation November 12, 2020
Deadline for submitting written comments on the timber investigation November 12, 2020
Deadline to submit request to appear at the timber virtual hearing December 10, 2020
Deadline to submit request to appear at the currency virtual hearing December 10, 2020
Virtual public hearing on the timber investigation December 28, 2020
Virtual public hearing on the currency investigation December 29, 2020
Deadline to submit post-hearing rebuttal comments for the timber investigation January 6, 2021
Deadline to submit post-hearing rebuttal comments for the currency investigation January 7, 2021

 

Contact

Please email messages@strtrade.com with questions. 

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