The answer is **A**. They have been extended **over 5 times**. Most recently, the USTR quietly extended 178 specific exclusions through **November 2026**. This creates a **Hidden Monopoly**. If your company is on the Section 301 exclusion list—common in solar and medical tech—you have a government-granted shield. You are immune to the costs drowning your competitors. The market has stopped trading on macroeconomics. It is trading on efficiency. The winners of 2026 won't be the companies with the best products. They will be the ones with the best lawyers and the most ruthless algorithms.