The office of the United States Trade Representative (USTR) said it had no announcement of a trade action at the moment but continued to raise market access concerns with India, reacting to media reports last week that the U.S. was considering launching a 301 probe against India. A 301 probe can be wide in scope and can result in the U.S. imposing tariffs or taking other trade action against its trading partners if the parties do not come to a settlement. Commerce Minister Piyush Goyal would have to show a willingness to fix trade issues and also have proposed fixes ready, the former official said. In August 2017, the USTR initiated an investigation of China under Section 301 of the U.S.’s Trade Act of 1974 . In April 2018, the USTR official announced it made a determination based on its investigation and proposed tariff action.

Source: The Hindu June 15, 2019 04:18 UTC