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National & World Ag News Headlines |
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Trump Administration Declines to Impose Tariffs on Vietnamese
USAgNet - 01/25/2021
In one of the Trump administration's last trade acts, it announced last week it would not impose tariffs on Vietnamese imports, despite a Section 301 investigation into allegations of currency manipulation.
From 2015-2019, U.S. pork exports to Vietnam increased 370 percent, and in the first ten months of 2020, exports increased 246 percent, to $50 million from the same period a year ago.
Meantime, in July 2020, Vietnam announced it was reducing its Most Favored Nation tariff rates for U.S. frozen pork products from 15 percent to 10 percent, through the end of 2020.
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