Brendan Murray

expires in about six weeks.

So we're seeing these 301 investigations kind of trickle out here.

There's another one that's coming in the next week or two on industrial overcapacity, which mainly means China.

The message from the administration is same policy, different tools.

But in the interim, it means companies, governments that have trade deals with the U.S.,

are asking for details, uncertainty returns like it did, like we had last year.

Plan B is this 15 percent global tariff, but that only lasts for 150 days.

So that gets you into mid-August.

And then the administration says that by then they can have

other authorities that are more legally tested and durable.

It's going to be a bureaucratic nightmare, and if companies don't have their paperwork in order and haven't planned for this, they're just going to be further in the line, and it's going to take even longer.

I've seen customs brokers and experts in this area say, we're looking at possibly a year before you ask for your refund request.

There's a project in Ohio, a natural gas facility that's supposed to be the biggest in the U.S.

if it gets fully built.

There's a crude oil facility in the Gulf of Mexico.

And there's an industrial machinery component processing facility in, President Trump said, in the state of Georgia.

So these are three projects that the Trump administration has really needed to get off the ground and get announced.

The administration rolled out a lot of tariffs last year, steel and aluminum included, in a sort of rushed and chaotic way.

And it feels like what we're hearing now is they're kind of course correcting

and trying to narrow things.