South Korea's industry minister announced that the U.S. is expected to release Section 301 investigation results regarding alleged overproduction by August's end, with Seoul seeking to cap resulting tariffs at 15 percent.
The US has imposed tariffs of 10-12.5% on goods from several countries, including China, Japan, and the EU, citing forced labor practices. Experts view these actions as a pretext for President Trump's 'America-first' trade agenda, with another Section 301 investigation ongoing.
The US has imposed tariffs on several countries, including China and EU members, with rates up to 12.5%, citing human rights abuses and distortive trade practices. This action is part of President Trump's "America-first" agenda, alongside an ongoing Section 301 investigation into excess industrial capacity.
A US government hearing on proposed tariffs for goods linked to forced labor revealed divisions on their effectiveness. China Labor Watch founder Qiang Li advocated for higher tariffs on China, citing poor worker conditions.
The US has proposed 12.5% tariffs on imports from India and 54 other economies, citing concerns over forced labor and excess industrial capacity under Section 301 investigations. India is engaging with the US on the matter.
The US Trade Representative (USTR) proposed additional tariffs of 10-12.5% on imports from India and 53 other economies for failing to effectively prohibit goods linked to forced labor. This complicates ongoing trade talks between the US and India.
China urged the United States to drop its latest Section 301 investigations into alleged excess capacity, calling the probe legally flawed at a Washington hearing just days before a planned summit between Donald Trump and Xi Jinping. “[It] lacks sufficient statutory basis and supporting evidence” and “circumvents several established multilateral mechanisms”, Michelle Zang, speaking on behalf of the China Chamber of International Commerce (CCOIC), a state-backed trade body, told the hearing. The...
