“Legal authority to levy tariffs under the International Emergency Economic Powers Act has been removed; however, the president can still reach for Section 122 of the 1974 Trade Act and similar statutes. Expect a slimmer, more procedurally-burdened tariff program to re-emerge rather quickly, but headline levels and timing will remain unpredictable. The practical risk is therefore one of policy volatility rather than outright paralysis: tariffs will persist, yet will face tighter judicial scrutiny and frequent courtroom challenges, producing bouts of uncertainty for trade-exposed sectors.”