Vietnam dishonest and US involved in currency fraud or trade, facing sanctions

Does Vietnam want to play four cards with the United States?

 This may not be the first time that the administration of US President Donald Trump has planned to launch an investigation into Vietnam over currency manipulator allegations that could lead to sanctions. Trade on this Southeast Asian country. This is according to a quote published by Bloomberg on Friday afternoon, October 2, 2020.

Bloomberg reported on September 30, based on three people who know about this issue on condition of anonymity. A plan to launch an investigation into Vietnam was leaked after the US Treasury Department placed Vietnam on a watch list of 10 countries, with the United States suspected of misappropriating or misappropriating currency in January. Other Southeast Asian countries, such as Malaysia and Singapore, are also on the list.

In addition, in August, the US Department of Commerce and the US Treasury last concluded that Vietnam had committed at least one case of currency fraud in trade with the United States in connection with exports. According to the same source, according to Bloomberg, Washington may soon decide to impose sanctions in the form of raising tariffs on goods imported from Vietnam. But it is unclear whether the United States will impose sanctions before or after the November 3 presidential election.

It should be noted that the law to monitor currency fraud or currency manipulator is set by the United States on those countries that apply the wrong or dishonest monetary policy to profit from doing business with the United States.