Section 301 Investigation Initiated against Vietnam
On October 2nd, the Office of the U.S. Trade Representative (USTR) initiated a Section 301 Investigation on the trade practices of Vietnam. In the announcement, the USTR cited both illegally harvested lumber and currency manipulation as injurious to the economy.
If your company ships goods made in Vietnam, take some time to review the Federal Register Notices regarding the investigation:
Initiation of Section 301 Investigation: Vietnam’s Acts, Policies, and Practices Related to the Import and Use of Illegal Timber
Initiation of Section 301 Investigation: Vietnam’s Acts, Policies, and Practices Related to Currency Valuation
This investigation may result in additional duties or restriction on the import of merchandise, specifically wood products, from Vietnam.