US takes first steps towards new global trade penalties - News Summed Up

US takes first steps towards new global trade penalties


The Trump administration is launching separate probes centered on overproduction and importing goods made with forced labor, US Trade Representative Jamieson Greer told reporters. He said Trump's trade policy remains the same as it has been "for decades," even if his tools may change. "We need to protect American jobs, and we need to make sure we have fair trade with our trading partners," he added. Both investigations unveiled Wednesday are handled by the USTR, falling under Section 301 of the Trade Act of 1974. Greer said it is too early to say how any new penalties from the latest probes will overlap with the sectoral duties.


Source: Bangladesh Sangbad Sangstha March 12, 2026 09:34 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */