Trump May Declare National Economic Emergency

“President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a large swath of universal tariffs on allies and adversaries, as Trump seeks to reset the global balance of trade in his second term,” CNN reports.

“The declaration would allow Trump to construct a new tariff program by using the International Economic Emergency Powers Act, known as ‘IEEPA,’ which unilaterally authorizes a president to manage imports during a national emergency.”