Trump launches new trade probe targeting 16 nations, including China, India, EU, after tariff setback

The Trump administration has opened a sweeping trade investigation into alleged excess industrial capacity across 16 major trading partners, signalling a renewed push to impose tariffs after the US Supreme Court struck down a central element of President Donald Trump’s tariff programme last month. The probe, announced on Wednesday by US Trade Representative Jamieson Greer, will be conducted under Section 301 of the Trade Act of 1974 and could result in new tariffs targeting several major economies, including China, the European Union, India, Japan, South Korea and Mexico, according to a report by Reuters. Other countries covered by the investigation…