US initiates probe against trading partners including India, China to look into ‘unfair foreign practices’

NEW YORK: (Mar 12) The US has initiated investigations against its trading partners, including India, China, Japan and the EU, to look into and address “unfair foreign practices” that adversely impact American manufacturing.

United States Trade Representative (USTR) Jamieson Greer announced the initiation of a probe regarding the “acts, policies, and practices” of various economies under Section 301(b) of the Trade Act of 1974, relating to structural excess capacity and production in manufacturing sectors.

The economies subject to these investigations are Bangladesh, Cambodia, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Norway, Singapore, Switzerland, Taiwan, Thailand and Vietnam.

Source: PTI News

Digitalmitra