US EditionTrump could declare national economic emergency to justify universal tariffs, CNN reports
- President-Elect Donald Trump is considering declaring a national economic emergency to justify universal tariffs, according to four sources familiar with the matter who told CNN.
- The declaration would allow Trump to construct a new tariff program using the International Economic Emergency Powers Act, which authorizes a president to manage imports during a national emergency.
- Kelly Ann Shaw stated, 'I think the president has broad authority to impose tariffs for a variety of reasons, and there are a number of statutory bases to do so.'
- The Trump team believes rebuilding industrial capacity is important for economic and national security, benefiting communities and American workers.
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Center
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Trump Breaks Down His Economic Success Despite Higher Interest Rates - Valuetainment
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Coverage Details
Total News Sources181
Leaning Left21Leaning Right19Center43Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 25%
C 52%
R 23%
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