Michael A. Gayed: Section 338 revived to impose 50% duty on Canadian alcohol imports

Michael A. Gayed: Section 338 revived to impose 50% duty on Canadian alcohol imports
Section 338 triggers new tariff on imports

Michael A. Gayed highlights that regulatory risk can arise from overlooked statutes. Section 338 of the Tariff Act of 1930 was revived on July 20 to apply a 50% duty on Canadian beer, wine, and whisky, effective August 19.

He observes that pricing power in this context now depends on legal factors.

Gayed has commented on notable investor performance, stating that Jeremy Grantham and Michael Burry have outperformed their critics. In a separate observation, he noted that a severe short squeeze in the yen could shift safe-haven demand to U.S. Treasuries. His recent focus on tariff enforcement follows these assessments of influential market shifts.

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