ChainCatcher news, according to U.S. Trade Representative Tai, the scope of Section 301 tariff measures can be expanded as needed.Section 301 refers to the entirety of Sections 1301-1310 of the Trade Act of 1974, which primarily means protecting U.S. rights in international trade and retaliating against countries deemed to have "unreasonable" or "unfair" trade practices.Under this provision, the U.S. can investigate trade practices of other countries that it considers "unfair," and can consult with the governments of those countries, ultimately leading to a decision by the President to impose retaliatory measures such as raising tariffs, restricting imports, or terminating relevant agreements.

ChainCatcher news, according to CoinDesk, the U.S. International Trade Court ruled on May 29 that key tariff measures implemented during the Trump administration were illegal, leading to significant fluctuations in the U.S. Treasury market. The 30-year Treasury yield broke above 5%, while the 10-year yield rose to 4.50%, an increase of 10 basis points from the previous two days. The court found that the president overstepped his authority by using economic emergency powers to impose broad trade tariffs, but this ruling does not affect tariffs on specific industries such as steel. The U.S. government stated that it would appeal.Amid ongoing tensions in U.S.-China relations, the U.S. has recently taken measures to restrict chip technology exports and tighten student visa regulations for Chinese nationals. The U.S. Dollar Index (DXY) rose from 98 to 100, while Bitcoin ($108,282) and gold prices remained stable.