New Delhi, March 12 -- The US Trade Representative (USTR) has initiated a Section 301 investigation targeting India and other countries, a move that could pave the way for new tariffs once the current 10 percent global tariff expires in 150 days.
Speaking on the development, Pankaj Chadha, Chairman of EEPC India, said the decision "does not bode well for the Indian engineering sector," which is still grappling with the 50 percent tariffs imposed by the Trump administration on steel, aluminium, automobiles, and auto components.
Chadha suggested the investigation may also be intended to give the US leverage in trade negotiations with India.
"Following the U.S. Supreme Court nullification of the Trump-era reciprocal tariffs, the U.S. govern...