Paul Hannon
speaker
69 appearances
3 recordings
1 series
first heard Jun 2026
last heard 10 Sep
Paul Hannon’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 2.
Appearances
The Supreme Court subsequently judged that there was no legal basis for charging those tariffs.
The administration then found an emergency justification that had a six-month lifespan that expires in July.
So it needs a new legal rationale for collecting these sums from US businesses who are importing goods from over
All right.
Well, the rates are lower on this segment.
There's another investigation underway and there are likely to be others.
So I don't think this is necessarily a shift down in the overall tariff rate.
Other countries do have time to respond, but I'm not sure that they will necessarily want to argue too much about this as long as the tariff rates that we end up with are within the limits set under previously existing agreements.
So, for example,
The EU has an agreement with the US which sets the maximum tariff level at 15%.
What we've seen overnight comes in below that.
You have to wonder why the EU would necessarily have an issue with that tariff level, even if it might argue with the justification for charging the tariff, which is that the EU does not offer sufficient protection against the use of forced labour.
Yeah, absolutely.
And the OECD has said that tariffs have actually increased.
ended up having a less negative impact on the global economy than they had anticipated.
I mean, that's partly because the effective tariff rates ended up being lower and also because of the artificial intelligence boom, which has actually boosted world trade to quite high levels.
But that now pulls into insignificance compared with the impact of the conflict in the Middle East.
The OECD sort of bases its forecast on the idea that this conflict will come to an end relatively soon.
in which case the economic damage is significant but not terrible.
And for the US, for example, they leave their growth forecast at 2%.
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