Section 122 gives the president a 15 % tariff ceiling, currently set at 10 %. Economists argue tariffs act like a fixed exchange rate, distorting trade flows and prompting predictable pause cycles.
View full episode →“Section 122 caps tariffs at 15 % but the administration is only using 10 % for now.”
“Tariffs function like a fixed exchange rate, causing trade diversion rather than true protectionism.”
“The Supreme Court left a $175 billion refund pool hanging in the balance.”