Gavin Bade

They've preemptively gone and filed in federal court and said, if this decision comes down, I want to just lodge my claim for a refund now because I've been materially harmed by this.

Exactly.

Really, it could be a pretty big windfall for a lot of firms because if you think about it, they have adjusted their pricing to react to these tariffs.

And now, oh, if we get all that tariff money back, they probably won't adjust their prices downward.

That allows for tariffs up to 15% for up to 150 days

And that law is to address persistent trade imbalances.

So the type of trade deficit issues that Trump doesn't like, he could instantly put these tariffs in place under Section 122 up to 15%, up to 150 days.

That is what is going to happen in the short term, is just to reconstitute some of these tariffs.

Just put that in really quickly.

And then in those 150 days, you use that time to issue new tariff investigations under more lasting legal authorities.

Ideally, I think they would love to pass a law that gave them the IEP of tariff authority explicitly.

I don't think you can see that pass Congress right now, though.

Yeah, even if Republicans aren't willing to pop their head up and say that they don't like the tariffs, a lot of them do not.

A lot of their constituents are being hurt by this.

Remember, we saw both chambers of Congress have separately taken votes against at least some of Trump's tariffs, right?

Just a couple weeks ago, the House voted a disapproval resolution on Trump's IEPA tariffs on Canada.

And that was, you know, a Republican-controlled House.

So there's not a lot of appetite in Congress to go and legislate these things, especially in election year.

when, you know, your opponent's going to be able to hit you over the head for increasing prices to consumers if you voted for those tariffs.

So, yeah, it's a theoretical option, but probably not a practical one.