We hope that you are having a wonderful holiday season. As you may know, FDRA President & CEO Matt Priest is testifying today before the Office of the United States Trade Representative (USTR) and several other U.S. Government agencies in the Vietnam 301 hearing. You can see the full hearing schedule and read Matt's testimony. You can also watch the virtual hearing at the link below:
Background: The Trump Administration has not yet announced any tariff action against Vietnam, but it has officially labeled the government of Vietnam a currency manipulator and is moving forward with its Section 301 investigation into Vietnam. In its report, the Treasury Department found that Vietnam engaged in currency practices to create an "unfair competitive advantage in international trade" and highlighted the large expansion of Vietnam's export capacity for apparel and technology as one reason for the U.S.'s large trade deficit with Vietnam. As we learn more information on this important issue, we will continue to keep you updated via email and potential member phone calls.
FDRA is holding an important Customs & Trade Working Group call for FDRA Members on January 14th to provide key updates on each of this and other issues. We will also hear from U.S. Customs & Border Protection (CBP) on enforcement. Register here:
Past FDRA Member Weekly Check-In Call Recordings
FDRA Members can view past FDRA Member Weekly Check-In calls here: FDRA Intel Center(You need to register and create a password to access).
