Asia scrambles to respond to Trump's sweeping Section 301 trade probes, which could pave the way for new tariffs | Fortune
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Asia scrambles to respond to Trump's sweeping Section 301 trade probes, which could pave the way for new tariffs | Fortune
"Together, the two Section 301 probes -the first on "excess manufacturing capacity," the second on not doing enough to stop the import of goods made using forced labor-cover 60 different economies, including key trading partners like China, India, Mexico and the European Union."
"The U.S. has once again abused the 301 investigation process to override domestic law over international rules. We urge the U.S. to immediately correct its wrong practices, and meet China halfway."
"Singapore's Ministry of Trade and Industry (MTI) said in a media statement that it would "engage the USTR" on the new Section 301 investigations, and disputed its claim that it maintained a large trade surplus with the U.S."
Following the Supreme Court's February decision limiting Trump's tariff authority, the administration initiated two expansive Section 301 trade investigations targeting 60 economies, including China, India, Mexico, and the European Union. The first investigation addresses excess manufacturing capacity, while the second focuses on insufficient efforts to prevent forced labor imports. China condemned these actions as unilateral and protectionist, arguing the U.S. abused the investigation process to override international rules. U.S. and Chinese officials are meeting in Paris to prepare for a Trump-Xi summit scheduled for early April, though Trump indicated possible postponement. Asian governments including Singapore and Taiwan are formulating responses, with Taiwan expressing confidence its recent trade deal remains unaffected.
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