ITI Hails USTR Backing Off From Vietnam Tariffs

The Information Technology Industry Council hailed the reprieve for U.S. importers from the threat of tariffs on goods from Vietnam. “ITI welcomes the U.S. government’s bilateral engagement -- rather than consideration of tariffs that harm U.S. competitiveness and jobs -- to address concerns with Vietnam’s currency valuation practices,” emailed Senior Policy Director Sam Rizzo Monday. The agreement the U.S. Treasury reached last week with the State Bank of Vietnam to address U.S. allegations that Hanoi was devaluing the dong against the dollar was a “satisfactory resolution” of the investigation launched in October, the Office of the U.S. Trade Representative said Friday. Vietnam plays a large and growing role in the consumer tech supply chain.