Trump’s currency-as-a-barrier innovation brings late tariffs for China, Vietnam

China 2662 Cons. Discr. - Durables 365 Elections 119 Malaysia 105 Materials - Packaging 29 Taiwan 166 Tariffs 1673 Thailand 112 U.S. 4732 Vietnam 298

One of the many innovations the Trump administration has brought to trade policy is the use of currency manipulation allegations within subsidy investigations. A ruling on imports of twist ties from China will likely be the first where tariffs are applied with action due in December. The second is a wider review of Vietnam’s trading practices under the section 301 process. Tariffs could be applied as soon as Jan. 8, presenting a geopolitical challenge to the Biden administration. The tariffs may face legal scrutiny as the currency manipulation designation is meant to come from a Treasury...

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