TGA Joins Over 200 Organizations in Opposing New Vietnam Tariffs / Files Final Comments in Opposition
On January 7, TGA and TGA members joined over 200 organizations in opposing proposed punitive tariffs against U.S. travel goods imports from Vietnam under the Office of U.S. Trade Representative’s (USTR) Section 301 Tariff Investigations against Vietnam. TGA also filed separate comments opposing the tariffs in the USTR timber and currency investigations. There is growing concern that President Trump could impose punitive tariffs on U.S. imports from Vietnam (as high as 25%) before he leaves office on Jan. 20, 2021. Vietnam is the #2 supplier of travel goods to the U.S. market. In the first eleven months of 2020, U.S. travel goods imports from Vietnam increased 12.3%, with Vietnam supplying 19.3% of all U.S. travel goods imports during that period.