Matt Priest 0.7 2 ideas

The industry faces a 15% global tariff under Section 122, but the chaotic IEEPA tariffs are gone. While a 15% tax is a cost, the *certainty* of the legal framework is viewed as "good news" compared to the arbitrary nature of emergency powers. Volume is already shifting to Vietnam/Indonesia, which now face the same 15% rate as China, leveling the playing field. The sector has clarity, but costs are rising. Watch for companies with pricing power to pass on the 15% levy. Consumer demand destruction due to higher prices at the shelf.