# Vietnam Dong (VND USD) News and Quote: U.S. Imposes Tire Duties, Cites Currency - Bloomberg

> The US Commerce Department imposed a preliminary anti-subsidy tariff of 6.23% to 10.08% on car and truck tires from Vietnam, citing an undervalued currency. It is the first time the department has based a countervailing duty on a foreign currency value.

- Date: 2020-11-05 · published 2020-11-05T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/50442-vietnam-dong-vnd-usd-news-and-quote-u-s-imposes-tire-duties-cites-currency
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Tariffs on Vietnamese tires affect a niche of rubber trade rather than feed grains, so direct price impact on feed commodities is minimal; the currency precedent may matter for broader trade policy.

## Read by commodity

- USDVND: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-11-05/u-s-imposes-duty-on-vietnam-tires-cites-undervalued-dong

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