Report Says Lighthizer Assured Vietnam Counterpart That Tariffs Not Foregone Conclusion
After a phone call between Vietnam Trade Minister Tran Tuan Anh and U.S. Trade Representative Robert Lighthizer, the Ministry of Industry and Trade issued a statement Jan. 8 indicating that Lighthizer said it's false that he is planning to impose…
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tariffs on Vietnam's exports over currency manipulation. Rather, Lighthizer said there has not been a final decision, the statement said. The VN Express International newspaper reported that Anh said the country's “monetary policy only serves to control inflation and ensure macro stability, not to create unfair trade advantages.” Anh also said that Vietnam is controlling the timber trade and usage, and is happy to cooperate with the U.S. in its investigations of timber trafficking.