The Next Hook
Open full sizeDebits & Credits, October 25, 2026. Laughs are nonrefundable.
Transcript. Panel 1, a client holds a newspaper headlined “338 Lawsuit Filed: Importer Challenges Canada Tariffs.” Client: “Court’s after the Section 338 Canada tariffs. Does that end the duties?” Debit: “They still have 301 and 232 in the drawer.” Panel 2, beneath volumes of Title 19, a hand circles one entry on a list running IEEPA (struck), Section 122 (expired), Section 301, Section 332, and Section 338. Caption: “Statutory musical chairs.” Panel 3, Debit, red pencil in hand. Debit: “The duty is substance. The section is form. Form keeps changing.”
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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · carlos@lapresallc.com · (917) 558-6393.