Scarlett Fu

A lot of these tariffs have limits that have to go away after a certain amount of time, and the rates can't go that high.

A lot of these tariffs have a 15% ceiling, for example, whereas we know the president, in some cases, has threatened tariffs, you know, 50% and onwards.

Exactly.

A Section 232 investigation on average takes nine months to complete.

We have seen this administration in some cases do this under a more expedited timeline because they actually pulled on investigations that were launched under the first Trump administration.

So they were able to make the legal argument that they already had such a bolstering of information behind them that they could make the determination that this meets the national security concerns or the unfair trade allegations to put on their terrorists.

But to your point exactly, Scarlett, this definitely limits the flexibility of the administration.

Tyler, thank you so much.

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