This is John Batchel, conversation with colleague Chris Regal of Scholar.com, about the collateral effects of the tariff of 125% or higher on all imports from China.

Projects underway where the component, electrical component, is only sourced out of China. What happens? Pause, delay,

postpone, cancel, questions to be answered over time. Is there a recession? Well, there's a

pause. More of this tonight.

Here's Chris Wrigal. So today, any customers that have projects that are tied into Chinese product, which is most electronics, most compute, most of those projects are on hold if they're scale projects.

So the approach will be to wait and see a 125% tariff

on goods from China. And in many sectors of electronics, China is the only material source for that

globally. These tariffs are project killers. But most customers are aware of that. We and others have brief customers about that

at advance, so there's some flexibility to understand, all right, we're going to have to ride out

for eight, 12 weeks of instability, put projects on pause, but then restart once this is settled.