US kicks off Section 301 probes to replace overturned tariffs

The Trump administration announced new Section 301 investigations into China, Mexico, the EU and more than a dozen other economies to replace reciprocal tariffs ruled illegal by the Supreme Court, with the probes likely expanding to more nations. The investigations will assess unfair practices tied to excess manufacturing capacity and may lead to tariffs or other actions after hearings and comments. Officials say the policy aims to protect American jobs and fair trade, and Treasury officials have signaled tariffs could return to pre-ruling levels by August.