Manufacturing

Washington, D.C. (Rajeev Sharma)— The Office of the United States Trade Representative (USTR) announced the initiation of a massive investigation into the trade practices of 16 major global partners. The probe, launched under Section 301 of the Trade Act of 1974, targets economies accused of maintaining "structural excess capacity" in their manufacturing sectors, a move that signals a significant escalation in the Trump administration's efforts to reshape global supply chains and protect American industry. The investigation covers a broad spectrum of economies, including China, India, Japan, the European Union, South Korea, and Mexico. Other nations under scrutiny include Singapore, Switzerland,…