Using the same law that allowed the US to impose tariffs on billions of dollars worth of Chinese imports, the Trump administration opened an investigation into the trade practices of one of its biggest trading partners, Vietnam.
The probe, launched at President Donald Trump’s direction and announced by the US Trade Representative’s office late on Friday, focuses on two issues. The first is whether Vietnam deliberately undervalued its currency, the dong, thus making its products cheaper abroad and harming US commerce.
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