U.S. Commerce Department considers upgrading Vietnam's status to a 'market economy'.

The U.S. Commerce Department is considering upgrading Vietnam's status to a 'market economy', which could reduce punitive anti-dumping duties on Vietnamese imports. The move is supported by retailers and business groups, but opposed by U.S. steelmakers and shrimpers. The decision comes as President Biden seeks to strengthen Vietnam as a strategic ally.

May 08, 2024
5 Articles