Views Article – Sharenet Wealth

Forex, News

U.S. trade agency drops tariff threat on Vietnam after currency agreement

WASHINGTON, July 23 (Reuters) – The U.S. Trade Representative’s office on Friday said it had determined that no tariff action against Vietnam was warranted after the country’s central bank agreed with the U.S. Treasury not to manipulate its currency for an export advantage.

In a statement, USTR said it found that the U.S. Treasury-State Bank of Vietnam agreement earlier this week “provides a satisfactory resolution of the matter subject to investigation and accordingly that no trade action is warranted at this time.” (Reporting by David Lawder; Editing by Leslie Adler)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.