The Donald Trump administration in the United States on Wednesday launched a new investigation into alleged unfair trade practices by India and 15 other trading partners.
The investigation will look into allegations of structural excess capacity in manufacturing sectors. The United States has alleged that such excess capacity could lead to overproduction and persistent trade surpluses, allowing the countries to export low-priced goods into US markets.
US Trade Representative Jamieson Greer said that the investigation, launched under Section 301 of the country’s Trade Act, could lead to new tariffs being imposed on India, China, the European Union, Japan, South Korea and Mexico by this summer, Reuters reported.
The other countries that are being investigated are Taiwan, Vietnam, Thailand, Malaysia, Cambodia, Singapore, Indonesia, Bangladesh, Switzerland and Norway.
The move came weeks after the US Supreme Court on February 20 struck down most global tariffs imposed by Trump, ruling that he exceeded his authority in imposing the levies. Soon after the ruling, the US president signed a proclamation imposing a temporary 10% tariff on goods imported into the US, citing his authority under the 1974 Trade Act.
Against this backdrop, the US trade representative said that the country would “no longer sacrifice its industrial base to other countries that may be exporting their problems with excess capacity and production to us”.
Ambassador Greer...
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