Section 301 Investigations on Vietnam Policies and Practices
Two new Section 301 investigations have been launched by the Office of the US Trade Representative (USTR) concerning trade policies and practices in Vietnam. Specifically, they are looking into practices related to currency valuation and their importation and use of illegal timber. The investigations, if found to have merit, could result in additional tariffs or other restrictions on Vietnam’s exports to the US. We have already seen how Section 301 tariffs can effect trade such as those assessed on goods from China and the EU.
The USTR has stated that Vietnam’s currency has been undervalued aided by governmental intervention for the last three years. Comments regarding this investigation should be submitted by November 12, 2020. Information on the investigation and the comment process can be found here.
The investigation into their timber trade seeks to determine if their imports violate Vietnam’s domestic laws, the laws of the source countries or other international laws. Comments regarding this investigation are also due by November 12, 2020, and the information can be found here.
Vietnam is a major exporter of wood products including significant shipments of furniture and their manufacturers rely heavily on imported timber. Importers and manufacturers of these products and other interested parties are encouraged to submit comments regarding the effect of these practices on the US.
Sam McClure, LCB
Director of Compliance & Customs Services
Need a refresher on tariff rounds and exclusions?
CVI has a free, complete guide to EVERYTHING you need to know for tariff rounds and exclusions, including:
- HTS Code
- Publish Dates
- Exclusion provision number per set list and round
- Effective & Extended Expiration Dates
The CVI Exclusion Guide 2020 provides you with a link to original USTR exclusion announcements with a breakdown of each excluded product.
Please let us know if you have any questions. We will be regularly updating this document via our website. Check it out here!
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Meet one of CVI’s Customs Brokerage & Compliance experts, Sam McClure:
Sam serves as Director, Compliance and Customs Services for CVI. He serves as CVI’s corporate compliance officer and is responsible for overseeing all aspects of our Customs related services, including growth.
Sam started his career in 1977 with Waters Shipping Company in Charlotte, NC. He began as a document runner, soon becoming a leader in operations and customer service for the branch. Sam, along with Linda Masten, founded Central Carolina Shipping Inc. in 1983 as an independent Customs Brokerage firm where he served as Vice President for 26 years. Sam and Linda grew Central Carolina into a successful and highly respected member of the Carolinas trade community. When Charlotte opened their local chapter of the IFFCBA Sam was part of the organizing group and he headed the Customs committee for several years. Sam obtained his Customs Brokers License in 1984 and remained with Central Carolina until the company was acquired by CVI in 2009.
At CVI, Sam has held several positions in both the operations and sales departments. As an expert in U.S. Customs regulations, Sam is often called upon on to provide guidance to importers on Customs compliance issues. He makes regular presentations on matters related to importation and broader regulatory compliance.
– Sam McClure, LCB, Director of Compliance & Customs Services, CVI
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