MONITOR SUITE  |  SPECIAL TARIFF EDITION

Executive Summary

The Supreme Court’s invalidation of the IEEPA tariffs did not simplify portfolio risk management—it bifurcated it. Equipment finance companies now hold portfolios with two distinct risk profiles operating simultaneously. Assets acquired at IEEPA-inflated prices face potential value compression as import costs decline on finished goods from most trading partners. Meanwhile, assets with significant steel, aluminum, copper, or lumber content remain subject to Section 232 tariffs that are expanding in scope.