economy
March 12, 2026
Trump administration takes steps to impose new tariffs, announcing investigations into key trading partners
March 11, 2026 / 7:31 PM EDT / CBS News
TL;DR
- The Trump administration is launching new investigations into U.S. trading partners.
- These investigations could result in additional tariffs.
- Concerns include "structural excess capacity" and the use of forced labor.
- The investigations are being conducted under Section 301 of the Trade Act of 1974.
- The administration aims to complete the investigations before temporary tariffs expire in July.
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