More tariffs ahead? USTR says probe into excess industrial capacity nearing completion

USTR Jamieson Greer said a Section 301 investigation into excess industrial capacity is nearing completion.

The probe targets 16 trading partners including China, Vietnam, Mexico, and the EU.

The investigation could lead to another round of Section 301 tariffs on imports from those countries.

Washington is downplaying the economic impact of its latest tariff measures.