"No one's talking about it, but July 24th, the Section 122 tariffs go off the board. They have to be replaced with something or there are no tariffs."
"Is it as big a deal as Liberation Day? No, it's nowhere near as big a deal. But it's something worth a hundred billion dollars change in the deficit, and that would have a twenty-five to thirty basis point change in GDP."
Andy Constan on the upcoming tariff deadline.