Tyler Kendall

As one example.

And then there's some lesser known ones like Section 338 that hasn't been used since the 1940s.

I also have Section 201 here.

Tariffs imposed on goods that cause injury to domestic industry.

There's a lot.

But basically the crux to think of this is that the Trump administration likes IEPA because that's a lot.

It's a lot more flexible.

It's a lot more broad-based.

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.

Some court watchers have pointed to the fact that the justices did decide to hear this case on an unusually aggressive schedule, which could suggest that they may want to get an opinion out sooner rather

rather than later because of course we know there is just so much at stake here including the ongoing trade negotiations that the US is trying to pursue.

Look at how in the last 24 hours we just saw this trade deal inked with Indonesia and we're getting some headlines that potentially there could be a deal on the table when it comes to India.

their trade minister saying that we could see an agreement signed as soon as next month but it's definitely been looming over all of these trade negotiations and agreements and potentially even setting up a complicated legal fight if the court does rule against the trump administration they could potentially be on the hook for some tariff revenue refunds and we know that so far the government has taken in about 133 billion dollars worth of revenue from the iepa tariffs alone