IEEPA Curbed, Tariff Pressure Endures: US Pivots to Section 301/232 as China Signals Countermeasures
According to the source, a US Supreme Court ruling limiting IEEPA-based tariffs has triggered a rapid shift toward alternative US trade authorities, including Section 122 temporary surcharges and prospective Section 301/232 actions. Beijing warns it may respond if new investigations target strategic sectors such as EV batteries, rare earths, and advanced AI chips, while firms accelerate supply-chain diversification across Asia.