Fresh Trump tariff threat looms: India’s strong stand on US Section 301 probe that proposes 12.5% duties - explained

According to policymakers and trade experts, the pace of the investigation suggests that the US may replace the existing 10% tariff, which remains in force until July 24, with the proposed forced labour-related tariff. The United States Trade Representative (USTR) has advanced one of its two investigations into America's trading partners, even as the July 24 deadline for the temporary 10% additional tariff draws closer.