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Section 301 Investigations: Vietnam’s Timber Trade and Currency Practices.

On October 2, 2020, the U.S. Trade Representative (USTR) announced that it had initiated two separate investigations —pursuant to Section 301 of the Trade Act of 1974—with respect to Vietnam’s trade with the United States. The USTR will review Vietnam’s importation of timber that may have been illegally harvested or traded, used as inputs for its manufacturing of timber products, and subsequently exported to the United States. The agency will also review, in consultation with the Treasury Department, any practices that may have contributed to the alleged undervaluation of Vietnam’s currency and thus may have impaired the competitiveness of U.S. products (by making them more expensive to foreign buyers). The USTR has requested consultations with the government of Vietnam and is seeking public comments on the investigations through November 12, 2020.

Overview of Section 301,
Section 301 Investigations: Vietnam,
Import and Use of Illegal Timber,
Currency Valuation,
Outlook,