WASHINGTON — The National Retail Federation urged the Office of the U.S. Trade Representative to avoid placing tariffs on imports of Vietnamese goods and rely on other remedies and authorities to address trade complaints.
USTR recently launched two separate 301 investigations regarding Vietnam’s currency practices and trade in illegal timber. NRF Senior Vice President of Government Relations David French provided testimony at both the illegal timber and currency practices hearings this week.
“Vietnam has become an increasingly important political ally and economic partner to the United States to counter the influence of China in the region,” French said. “It is important that this relationship not only continue but expand as the global economy continues to recover from the coronavirus pandemic.”
French cited a new report commissioned by NRF and prepared by the Trade Partnership Worldwide on the potential impacts of tariffs on Vietnam. The report estimates the use of tariffs