Illustrative image (Photo: VNA) Washington (VNA) - The Inside US Trade haspublished an article entitled “US, Vietnam working to avoid imposition ofSection 301 tariffs”.
The US and Vietnam are working to resolve trade issuesto pre-empt the imposition of Section 301 tariffs, the article reported, citinga source familiar with the Office of the US Trade Representative (USTR)’s twininvestigations into Vietnamese trade practices.
USTR in October launched Section 301 investigationsinto Vietnam’s currency valuation and timber practices. After holding hearingsfor each last week, USTR gave interested parties the opportunity to submitpost-hearing comments.
The Inside US Trade learned that the US TradeRepresentative Office has less than two weeks until the new president’sinauguration ceremony on January 20 to complete the investigation process,followed by a proposal submitted to the Presidential Office and an open hearingon the proposal.
The article also mentioned the phone talks betweenVietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh and US Secretary ofState Mike Pompeo, as well as the phone talks between Vietnamese Minister of Industry andTrade Tran Tuan Anh and US Trade Representative (USTR) Robert Lighthizer.
Anh said the investigation could cause many unwantedeffects that may not only harm bilateral relations, strategic trust, andefforts to enhance cooperation but also adversely affect thousands ofenterprises and millions of workers and consumers in both Vietnam and the US.
Lighthizer said the USTR Office is still in theinvestigation process and considering all opinions, and has yet to talk aboutany conclusions with Vietnam.
In related news, more than 150 companies and 50associations have sent a joint letter to President Donald Trump, asking for notimposing Section 301 tariffs on Vietnamese goods, saying that it may hamper theUS global competitiveness and US businesses and consumers alike in the contextof the COVID-19 pandemic.
They said Vietnam remained a large export market of the USand an important supplier of raw materials for US manufacturers./.
The US and Vietnam are working to resolve trade issuesto pre-empt the imposition of Section 301 tariffs, the article reported, citinga source familiar with the Office of the US Trade Representative (USTR)’s twininvestigations into Vietnamese trade practices.
USTR in October launched Section 301 investigationsinto Vietnam’s currency valuation and timber practices. After holding hearingsfor each last week, USTR gave interested parties the opportunity to submitpost-hearing comments.
The Inside US Trade learned that the US TradeRepresentative Office has less than two weeks until the new president’sinauguration ceremony on January 20 to complete the investigation process,followed by a proposal submitted to the Presidential Office and an open hearingon the proposal.
The article also mentioned the phone talks betweenVietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh and US Secretary ofState Mike Pompeo, as well as the phone talks between Vietnamese Minister of Industry andTrade Tran Tuan Anh and US Trade Representative (USTR) Robert Lighthizer.
Anh said the investigation could cause many unwantedeffects that may not only harm bilateral relations, strategic trust, andefforts to enhance cooperation but also adversely affect thousands ofenterprises and millions of workers and consumers in both Vietnam and the US.
Lighthizer said the USTR Office is still in theinvestigation process and considering all opinions, and has yet to talk aboutany conclusions with Vietnam.
In related news, more than 150 companies and 50associations have sent a joint letter to President Donald Trump, asking for notimposing Section 301 tariffs on Vietnamese goods, saying that it may hamper theUS global competitiveness and US businesses and consumers alike in the contextof the COVID-19 pandemic.
They said Vietnam remained a large export market of the USand an important supplier of raw materials for US manufacturers./.
VNA
