A joint announcement earlier this week from the U.S. Treasury Department and the State Bank of Vietnam that an agreement has been reached to address U.S. concerns with Vietnam’s currency practices has, for the time being at least, removed the threat of punitive Sec. 301 tariffs being imposed on Vietnamese imports.
Find out what the latest trade developments are from - the U.S. and UK agreeing to put a 5-year hold on retaliatory tariffs to Canada requesting USMCA dispute panel over solar products safeguard tariffs, we've detailed these and much more for you here.
With the notification to Congress, the U.S. became the third country to have completed its domestic legislative procedures needed to implement the deal, the final step necessary for the USMCA to take effect this summer. However, some are doubtful the three countries can achieve a comprehensive implementation in such a short time.