US launches unfair-trade probes to rebuild Trump’s tariff pressure

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices trim early losses as Iran supply fears overshadow Russia measures Wall Street ends deep in the red amid renewed spike in oil prices due to Iran war Gold prices slip as inflationary worries due to oil spike weighs on sentiment This chart could spell trouble for crypto and Bitcoin bulls 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights US launches unfair-trade probes to rebuild Trump’s tariff pressure By Stock Markets Published 03/13/2026, 02:59 AM Updated 03/13/2026, 03:12 AM US launches unfair-trade probes to rebuild Trump’s tariff pressure 0 1211 -0.92% (Corrects paragraph 3 to refer to partners instead of countries.) By David Lawder and Ismail Shakil WASHINGTON, March 12 - U.S. President Donald Trump’s administration said on Wednesday it was launching two trade investigations into excess industrial capacity in 16 major trading partners and into forced labor, rebuilding tariff pressure after the Supreme Court tore down much of Trump’s tariff program last month. China, the European Union, India, Japan, South Korea and Mexico are among the economies that could face new tariffs by this summer under the investigation of unfair trade practices, said U.S. Trade Representative Jamieson Greer. Other partners subject to the excess-capacity probe under Section 301 of the Trade Act of 1974 are Taiwan, Vietnam, Thailand, Malaysia, Cambodia, Singapore, Indonesia, Bangladesh, Switzerland and Norway. Canada, the second-largest U.S. trading partner, was not included. China said on Thursday the U.S. claim of overcapacity was a "false proposition" and Beijing opposed "political manipulation under this pretext". China is against all forms of unilateral tariff measures, foreign ministry spokesperson Guo Jiakun said at a regular press conference. U.S. LOOKING AT TRADE SURPLUSES, UNDERUSED CAPACITY The 27-nation European Union has said it wants to stick to the terms of a deal signed...