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Vietnam determined to tackle U.S. concerns about steel exports

Other News Materials 4 July 2019 16:41 (UTC +04:00)
Vietnam is determined to tackle U.S. concerns about steel exports at the center of a new tariff row, the country’s finance minister told Reuters on Thursday
Vietnam determined to tackle U.S. concerns about steel exports

Vietnam is determined to tackle U.S. concerns about steel exports at the center of a new tariff row, the country’s finance minister told Reuters on Thursday, reports Trend citing to Reuters.

The U.S. Commerce Department on Tuesday said it would slap tariffs of up to 456% on certain steel produced in South Korea or Taiwan which is then shipped to Vietnam for minor processing before being exported to the United States.

“We will be determined in managing the situation, handling the violations and handling the breaches,” Dinh Tien Dung said in an interview through an interpreter.

He added that while there would be some economic impact from tariffs, the impact in the immediate future will not be that high because steel exports are not the biggest share of exports to the U.S..

He declined to say whether Vietnam would consider retaliatory tariffs, adding “we first need to review the situation.”

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