The U.S. Trade Representative targets 60 countries for potential tariffs following Section 301 investigations, despite a Supreme Court ruling against prior levies.
The U.S. Trade Representative (USTR) has proposed fresh tariffs on 60 economies under Section 301 investigations, aiming to rebuild trade barriers after the Supreme Court struck down earlier reciprocal tariffs. The move follows the administration’s push to enforce trade policies despite legal setbacks earlier this year.
Section 301 allows the U.S. to impose tariffs on countries deemed to engage in unfair trade practices. The Supreme Court’s ruling in March invalidated sweeping tariffs imposed during the previous administration, but officials have signaled continued efforts to address trade imbalances.
Markets may react to heightened trade tensions, though no immediate tariff implementation has been announced. The proposal covers a broad range of economies, potentially affecting global supply chains and trade flows.