Industry groups appeal for more time in Section 301 probe of Vietnam’s currency practices

A broad group of industry associations and business groups wants the Office of the U.S. Trade Representative to put the brakes on a probe of Vietnam’s currency practices after the Treasury Department this week named the country a currency manipulator. USTR in October announced it would employ Section 301 of the Trade Act of 1974 to examine Vietnam’s “acts, policies and practices that may contribute to the undervaluation of its currency and the resultant harm caused to U.S. commerce.” As...