Podcast Appearances
Lululemon, along with other companies, presumably...
hurt by these tariffs would benefit, therefore, with the removal of these tariffs.
Although, as Tyler made clear, it's not clear whether there would be a refund or how that would even be put together.
And just a quick mention, equities building on their advance a little bit with the S&P 500 now up a third of 1%.
Treasury yields are higher.
And the thinking is that the removal of tariffs would leave a budget hole that we know already surpassed $130 billion as of December.
Treasury would need to sell a lot more bonds to bridge the gap, and that would put some pressure on yields, upward pressure.
And of course, if there are refunds,
As part of it, that would only make the situation worse.
It would exacerbate these moves.
And also, all the different sections that you cited,
Most of these tariffs can't be imposed instantly.
There's a bit of waiting time.
And we know the president wants to declare something and have it kind of be in effect almost immediately.
And the IEPA tariffs allowed him that flexibility, as you put it.
And it's just our luck that Tyler Kendall happened to be in New York today.
Clearly, she was not anticipating this.
I mean, we knew that this decision was coming along at some point, but the Supreme Court had passed up the previous two or three instances when it could have come out with this decision.
Tyler Kendall, Bloomberg's Washington correspondent, on her way back to D.C.
this afternoon.