<p>Michelle and Vox unpack why a court loss on one tariff tool does not automatically end a trade conflict. Using the recent shift from IEEPA-based tariffs to Section 122, Section 301, and Section 232, they explain how legal authority, negotiation leverage, and market expectations can move in different directions at the same time.</p>

Michelle and Vox unpack why a court loss on one tariff tool does not automatically end a trade conflict. Using the recent shift from IEEPA-based tariffs to Section 122, Section 301, and Section 232, they explain how legal authority, negotiation leverage, and market expectations can move in different directions at the same time.

S1E66 - When a Tariff Ruling Doesn't End the Trade Fight

Thinking in Markets focuses on the structure behind global markets — time, liquidity, and the interaction between futures and cash sessions. From macro instruments like rates and FX to equities across Asia, Europe, and the U.S., each episode turns complex systems into simple, durable frameworks.

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S1E66 - When a Tariff Ruling Doesn't End the Trade Fight

S1E66 - When a Tariff Ruling Doesn't End the Trade Fight