Mar 12, Kathmandu - The United States has initiated a fresh investigation into the trade policies and practices adopted by its key trading partners, including China, India, and European nations. This move comes shortly after the U.S. Supreme Court overturned several tariffs previously imposed by former President Donald Trump.
U.S. Trade Representative Jamieson Greer announced on Wednesday that the investigation will examine "unfair trade practices" under Section 301 against countries such as China, the European Union, India, Japan, South Korea, and Mexico. If the investigation finds that these practices hinder American economic interests, it could legally empower the U.S. to impose new tariffs on imports from these nations.
According to Greer, the investigation aims to be completed by July, ahead of the expiration of the temporary tariffs previously enacted by the Trump administration. The scope of the inquiry also includes Vietnam, Thailand, Malaysia, Cambodia, Singapore, Indonesia, Bangladesh, Switzerland, and Norway. However, Canada, the United States' second-largest trading partner, has been excluded from the investigation.
This development signals a potential shift in U.S. trade policy as the country seeks to address what it perceives as unfair trade practices on the global stage.
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