USTR to hold public hearings on Section 301 probes into 60 countries between 28-29th April

The USTR's decision to hold public hearings on Section 301 probes involving 60 countries signals a potential escalation in trade tensions, which could impact ongoing negotiations and tariffs. This move may indicate a shift in U.S. trade policy, raising concerns for sectors exposed to tariffs or trade restrictions. Market participants should monitor how this unfolds, as heightened trade scrutiny can influence risk sentiment and asset prices across equities and commodities.