# U.S. says tires from Vietnam subsidized by undervalued currency | Reuters

> The U.S. Commerce Department issued a final determination that car and light truck tires from Vietnam are subsidized through an undervalued currency, at rates of 6.23% to 7.89%. It is the first finding of its kind by the agency.

- Date: 2021-05-24 · published 2021-05-24T12:00:00.000Z
- Category: trade · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/47392-u-s-says-tires-from-vietnam-subsidized-by-undervalued-currency-reuters
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The duties target Vietnamese tire imports and do not directly move feed grain or protein markets. They mainly signal a trade-policy precedent on currency undervaluation.

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/us-says-tires-vietnam-subsidized-by-undervalued-currency-2021-05-24/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.