In this episode of What Comes Next, Host and TAG Senior Advisor Mira Rapp-Hooper speaks with David Boling, TAG Managing Director for Japan, about the next phase of U.S. tariff policy. Boling explains how the Trump administration is using Section 301 to rebuild tariffs after a Supreme Court setback, why the forced labor investigation reached so many U.S. trading partners, and what Japan's 12.5% tariff rate means in practice. The discussion also looks ahead to the next Section 301 investigation on excess capacity and what it could mean for U.S.-China trade talks. They close with a key question for businesses: are today's tariffs temporary, or are they becoming the new normal?

Correction: At the 9:51 mark, David Boling misspoke on one technical trade-policy point. To clarify: if the existing U.S. tariff on a Japanese product is 12.5% or higher, that tariff remains unchanged.

What Comes Next with Mira Rapp-Hooper is produced by Rivan Dwiastono, executive produced by Lauren Dueck, with editorial input from Prashant Jha. It contains music by Cody Martin via Soundstripe. 

What Comes Next is a production of The Asia Group, and is powered by TAG AI, TAG's geopolitical decision engine for businesses.