Hosts: Andy Shiles & Lalo Solorzano
Guest: Eric Hargraves
Director – Elliott Davis
LinkedIn: https://www.linkedin.com/in/eric-hargraves-98a4572/
Firm: Elliott Davis — https://www.linkedin.com/company/elliott-davis-1920/
Published : November 20, 2025
Length: ~34 minutes
Presented by: Global Training Center
Episode Overview
In this in-depth roundtable discussion, Andy and Lalo welcome back Eric Hargraves, a listener favorite and trade policy expert known for breaking down complex issues with clarity. This episode tackles one of the hottest topics in global trade: the future of tariffs, IEEPA, and how the Supreme Court’s upcoming decision could reshape U.S. trade policy.
Eric shares his early analysis of the recent Supreme Court oral arguments on the use of IEEPA (International Emergency Economic Powers Act) to impose broad, country-wide tariffs—an approach now under scrutiny. Together, they explore whether the U.S. is shifting away from country-of-origin-based tariffs toward sector-based or product-based tariff frameworks, and what that means for importers, exporters, and manufacturers.
They also take a historical walk through Section 232 and 301, discuss China’s role in the global supply chain, unpack forced labor concerns, and examine how trade policy is being used not just as an economic tool—but a geopolitical one.
If your business relies on global sourcing, supply chain planning, cost modeling, or tariff strategy, this is a must-listen episode that cuts through political noise and focuses on operational reality.
What You’ll Learn in This Episode
🔍 1. The Supreme Court & IEEPA — What’s at Stake
Why the Court is skeptical about using IEEPA for broad tariff actions
Clarifying the difference between regulating importation and imposing de facto taxes
What a ruling against IEEPA tariffs could trigger
🧭 2. The Pivot Toward Sectoral Tariffs
Eric outlines an emerging pattern:
More Section 232 investigations (steel, aluminum, copper, lumber, autos, medical devices, robotics)
More code-specific exclusions and carve-outs
More targeted vs. country-wide tariff strategies
This gives trade professionals more predictability—and new compliance challenges.
🌏 3. How We Got Here: WTO, China, & Forced Labor
Post-WWII tariff negotiations and asymmetrical concessions
How China’s WTO accession reshaped global manufacturing
Forced labor issues (UFLPA) and global ethical responsibilities
Why bipartisan support exists for confronting unfair trade practices
⚙️ 4. Trade as a National Security Strategy
Why 232 tariffs matter for:
Robotics and advanced manufacturing
Andy and Eric also highlight how trade agreements with partners like Australia and Japan support de-risking supply chains.
📈 5. What Importers Should Do RIGHT NOW
Eric provides three practical action steps:
Map exposure & opportunities
Understand current tariffs vs. new exemptions/exclusions
Identify where sectoral shifts may affect your sourcing
Prepare for legacy frameworks to shift
New carve-outs in CAFTA-DR and other bilateral frameworks
Don’t pivot your supply chain based on rumors
Only respond to published Federal Register notices + CBP guidance
Model landed cost scenarios now to act quickly later
He also warns companies to anticipate supplier renegotiations if tariff burdens disappear—they may try to claw back FOB discounts.
Resources Mentioned
Section 232 investigations
UFLPA (Uyghur Forced Labor Prevention Act)
WTO, GATT, and historical tariff frameworks
U.S. bilateral trade agreements and exemptions
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