Crossing Currents — Issue #24 May 17, 2026 · Sunday Edition Good morning. Two weeks ago, the market story was about a quiet Q2. Last week, it became about courts. On May 7th, the Court of International Trade ruled against the 10% Section 122 surcharge — but limited relief to three plaintiffs only. The Federal Circuit issued a temporary administrative stay on May 8th. Collections continue. The administration has already appealed and is expected to move replacement tariffs forw