Ahead of the Big Deal, Strike a Careful Balance
The USTR proposed Section 301 tariffs on 60 countries over forced labour, with India facing a proposed 12.5% rate that it has formally sought a review of, citing inconsistencies in the examination. Simultaneously, Trump's Section 122 universal 10% tariff faces a legal 150-day cap ending July 24, pushing the administration toward other tariff pathways, including a structural-excess-capacity probe. A bipartisan Senate bill…