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The US drops Section 301 trade bombshell on 16 countries


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The US drops Section 301 trade bombshell on 16 countries

Business

Category: Business News

The US dropped a new Section 301 trade investigation against 16 of its most important trade partners, including the EU, Singapore, Japan, China, and India. The accusations range from low utilization of chemical facilities in Germany, expansion of industrial capacity in spite of a drop in industrial occupancy rates in Singapore, currency manipulation in Switzerland, and excess steel production in China. Here’s what to know.

The US Trade Representative’s Office (USTR) dropped its latest bombshell on 11 March, opening a new Section 301 trade investigation against 16 of its most important trade partners.1 The list includes China, the European Union, Singapore, Switzerland, Norway, Indonesia, Malaysia, Cambodia, Thailand, Korea, Vietnam, Taiwan, Bangladesh, Mexico, Japan, and India.

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Source: Hinrich Foundation