The Trump administration is imposing a volley of new levies to rebuild the president's tariff wall (SAUL LOEB)A new wave of US tariffs targeting 60 trading partners took effect on Friday, replacing an expiring global duty rolled out by President Donald Trump earlier this year. He earlier said that the targeted economies represent the majority of US trade. But the EU, Taiwan, Japan, South Korea and Switzerland received some relief in line with trade pacts they previously reached with the United States. The new levies received swift condemnation from target countries, with Japan saying it "regrets" the duties and Australia's trade minister calling them "unjustified." - Maintaining leverage -Washington is separately investigating 16 economies over excess industrial capacity, in probes that could lead to additional duties.