Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

What happens when a 10% tariff becomes 15% overnight? #TradePolicy

Name: What happens when a 10% tariff becomes 15% overnight? #TradePolicy
Uploaded: 2026-03-04T17:54:34+00:00
Duration: 35 s
Channel: Tom Burton
Description: In this brief commentary, the speaker reflects on a recent rapid change in tariff policy. Initially, tariffs were deemed illegal under the Emergency Act…

4 Mar 2026 · 1 min

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In this brief commentary, the speaker reflects on a recent rapid change in tariff policy. Initially, tariffs were deemed illegal under the Emergency Act, and a 15% rate was announced. The regulator then introduced a 10% tariff, stating it would be a starting point to monitor effects. The speaker speculates that after hearing the commentary program, the regulator decided to raise the tariff to the maximum allowed 15% under Section 122. The monologue highlights the legal cap, the abrupt policy reversal, and the perceived influence of media coverage on the decision, while noting the lack of acknowledgment from officials.

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A week ago, it was the tariffs were ruled illegal under the current policy, the Emergency Act, which you heard it here first. And we said it was going to be 15%. And then he came out and said 10. I'll start at 10 and then watch what happens. Because the only thing I can think of is he did 10 and then he listened to the show and he's like, well, that's smart. Why don't I go 15? And then decided to go to 15. That's the only thing I can— because 15 is the cap on 122. But so, you know, I didn't get a thank you note or anything, but I'm thinking that's what occurred.