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U.S. Finds Vietnam Manipulated Currency

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The Treasury Department has determined that Vietnam depressed its currency in 2019, a finding that will open the door to tariffs on tires from Vietnam and provide the first test case of a Trump administration initiative to tariff countries for alleged currency manipulation.

The Treasury’s determination, published late on Monday, marks the first case the department has weighed in since new regulations took effect in April allowing currency-focused tariffs.

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