Some huge cash is at stake. Would CBP have the ability to refund the monies collected (utilizing thousands and thousands of paper checks…)?
Supply: Bloomberg.
Some importers say no. So, hanging down the IEEPA tariffs won’t deliver down commerce coverage uncertainty a lot, so long as Trump is in place. Even when Trump doesn’t attempt to change IEEPA tariffs with Sec 232 tariffs.
Determine 1: EPU-trade (blue, left scale), Common efficient tariff price (crimson, proper scale). Supply: policyuncertainty.com and Pawel Skrzypczynski .
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