Section 122 caps at 15% and expires in 150 days without Congress. So I would assume this is a "negotiating position", not a trade regime. I'm more interested t

Section 122 caps at 15% and expires in 150 days without Congress. So I would assume this is a "negotiating position", not a trade regime. I'm more interested to see how the Fed reads it, since tariffs map directly into cost-push shocks that force a dual mandate tradeoff between inflation and employment. Covered this angle recently: https://philippdubach.com/posts/dual-mandate-tensions/ https://philippdubach.com/posts/dual-mandate-tensions/