Through 301, the US is trying to offset revenue loss after its Supreme Court struck down Trump’s global tariffs. In India, the probe triggered uncertainty among exporters in manufacturing sectors like steel, electrical goods, textile etc. The Office of the United States Trade Representative (USTR) initiated a probe into manufacturing practices in several economies, including India, under Section 301 of the Trade Act of 1974, citing concerns over structural excess capacity. “India is adopting a wait-and-watch stance on the Section 301 investigation by the USTR. New Delhi will evaluate the report once released before deciding on any next steps,” said the government official.

Source: Indian Express March 13, 2026 02:13 UTC