Trump administration launches new trade investigation

The Trump administration launched a new trade investigation targeting over a dozen nations, including China, the European Union, Mexico, Japan, and India, under Section 301 of the Trade Act of 1974. This investigation, led by U.S. Office of the Trade Representative Jamieson Greer, will examine countries exhibiting signs of excess manufacturing capacity and is expected to conclude before a global 10% tariff expires in July. A separate investigation into forced labor issues will be initiated tomorrow. These actions follow a Supreme Court decision that overturned tariffs enacted under the International Emergency Economic Powers Act, signaling a shift to legally tested authorities for the administration's trade agenda.