Jeff Guo
๐ค SpeakerAppearances Over Time
Podcast Appearances
So if the Supreme Court would let the president use IEPA like he wanted to use it, he could create a bunch of tariffs with just the stroke of his pen.
And now it seems like there really isn't any law that would give him that kind of power.
He said Section 122.
Yes.
So what what is going on?
Kathleen says, yeah, welcome to Section 122.
Has a president ever used Section 122 to make tariffs?
But Kathleen says a lot of trade law professors have been expecting Trump to turn to this Section 122 law at some point.
And there is a big caveat here, which is that tariffs created under Section 122, they are supposed to expire after 150 days.
It sounds like law professors have already kind of had hypothetical fights about this hypothetical use of this law.
Now, for Cara Dyer, the business owner from earlier, who, by the way, sells toys, all of this tariff whiplash is so exhausting to think about.
And she was hopeful that maybe China or the Chinese manufacturers she worked with would help chip in.
Kara ended up switching suppliers.
But beyond that, Kara changed up her whole business, actually.
She didn't order any large shipments because tariffs were so high and unpredictable that she thought they'd put her out of business.
And when Cara tested out this set during her testing year, it did pretty well with customers.
So before the Supreme Court decision, Cara had actually decided to finally put in an order for a big container full of these storybooks.
It's her first big container since the tariffs first went into effect.
But, of course, the roller coaster is not over.
Trump already announced today that new 10 percent tariff.