ASSESSMENTS

For Vietnam, Trump’s Re-Election Would Translate to Tariffs

MIN READOct 5, 2020 | 20:23 GMT

A photo illustration shows banknotes of the Vietnamese dong on May 21, 2019.

A photo illustration shows banknotes of the Vietnamese dong on May 21, 2019.

(MANAN VATSYAYANA/AFP via Getty Images)

A new U.S. investigation into Vietnam’s potential currency manipulation and undervaluation could result in a limited amount of tariffs being levied against Vietnamese goods, should U.S. President Donald Trump be reelected in November. On Oct. 2, the Office of the U.S. Trade Representative announced the launch of the investigation under Section 301 of the Trade Act of 1974, which is the United States’ most powerful tool in enacting tariffs on foreign governments with policies deemed harmful to U.S. commercial interests. If concluded by the Trump administration, the investigation -- which will likely take months and could last into 2021 -- would probably find that Vietnam’s currency, the dong, is undervalued due to government policymaking....

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