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The Economic Times

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US begins new unfair trade probe against overproduction in India, 15 others

The US has launched a trade investigation into excess industrial capacity in 16 countries, including India, under Section 301 of its Trade Act. This probe could lead to new tariffs as the US claims overproduction by trading partners displaces American manufacturing and hinders investment. Evidence suggests significant excess capacity in India's petrochemicals, steel, and solar module sectors.

12 Mar 2026 9:06 am