🌍 US Launches Trade Probe That May Lead to New Tariffs

The administration of US President Donald Trump has started a new trade investigation targeting excess industrial capacity in 16 major trading partners, including India, China and the European Union. The probe under Section 301 of the Trade Act (1974) could result in new tariffs by the summer to pressure countries seen as contributing to global manufacturing overcapacity. The investigation will include economies such as India, China, Japan, South Korea, Mexico, Vietnam, Thailand and Bangladesh, among others. US officials say the focus is on countries showing large trade surpluses or unused manufacturing capacity that may distort global markets. The move signals renewed US tariff pressure as Washington reassesses global trade dynamics. #GlobalTrade #Tariffs #USIndiaTrade #TradeWar #GlobalMarkets