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UPDATE 2-U.S. says Vietnam's currency actions 'unreasonable' but holds off on tariffs

President Donald Trump's administration on Friday said Vietnam's actions to push down the value of its currency are "unreasonable" and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs. ....

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UPDATE 1-USTR says Vietnam's currency actions 'unreasonable' but holds off on tariffs

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WASHINGTON (Reuters) - President Donald Trump’s administration said on Friday Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs.
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Releasing the results of its so-called Section 301 investigation into Vietnam’s currency practices, the U.S. Trade Representative’s (USTR) office said it would continue to evaluate all available options to correct the situation. That process will pass to the administration of Democratic President-elect Joe Biden, who is due to take office on Wednesday.
The U.S. Treasury Department in December labeled Vietnam a “currency manipulator” due to its growing trade surplus with the United States, its large global current account surplus and heavy foreign exchange market intervention to hold down the value of its dong currency. ....

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