Trump Administration Tallies Trade Barriers That Could Prompt Tariffs

President Trump is set to announce global tariffs to combat unfair trade treatment by other countries and ensure American exporters remain competitive, following the release of a report by the Office of the United States Trade Representative highlighting trade barriers in key partners like China, Canada, the European Union, India, Japan, Mexico, South Korea, and Vietnam. The report criticizes China for utilizing industrial planning to dominate sectors and failing to uphold commitments, Canada for supply-management systems limiting U.S. exports, the European Union for persistent trade barriers, India for high tariffs and various restrictions, Japan for barriers to U.S. products, Mexico for regulatory challenges and favoritism towards state-owned companies, South Korea for restrictions on U.S. goods and barriers to investment, and Vietnam for import prohibitions and restrictions on pharmaceuticals and data, among other issues.

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