Industry groups oppose tariffs on Vietnam, blame growing deficit on China duties

Several industry groups on Tuesday urged the Office of the U.S. Trade Representative not to impose tariffs on Vietnam in response to alleged currency undervaluation, arguing the rising U.S. trade deficit with Vietnam is the result of Section 301 tariffs on China and warning that new tariffs would harm U.S. interests and consumers. The groups testified during a hearing held by USTR as part of its Section 301 investigation into Vietnamese currency practices. They broadly panned the idea of imposing...