The Trump administration is expected to announce as early as Wednesday new trade investigations, with the goal of replacing reciprocal tariffs recently ruled illegal by the Supreme Court, according to reports.
The probes will be conducted under Section 301 of the Trade Act of 1974, The New York Times and Wall Street Journal reported Wednesday.
That law permits a president to slap tariffs on imported goods from other nations that are found to have engaged in unfair trade practices.
Section 301 tariffs could replace the reciprocal tariffs on most of the world’s nations that President Donald Trump imposed on them last year without authorization from Congress. Neither the Times nor the Journal indicated what countries would be targeted in the expected Section 301 probes.
The Supreme Court, in a 6-3 ruling Feb. 20, said Trump did not have the authority to levy such duties under the International Emergency Economic Powers Act, or IEEPA, as he had claimed he did.
