US launches ‘unfair’ trade probe into India & 15 other countries

The administration of Donald Trump has launched a new trade investigation into excess industrial capacity across 16 major trading partners after the U.S. Supreme Court struck down the core of Trumps global tariff programme last month. Jamieson Greer said the probe under Section 301 of the Trade Act of 1974 could result in new tariffs on countries including China, European Union, India, Japan, South Korea and Mexico as early as this summer.