Trump Considers Declaring National Economic Emergency for Tariff Implementation

According to PANews, four informed sources have revealed to CNN that former President Donald Trump is contemplating declaring a national economic emergency. This move would provide a legal basis for imposing widespread tariffs. The declaration would enable Trump to utilize the International Emergency Economic Powers Act (IEEPA) to establish a new tariff plan. This legislation grants the president unilateral authority to manage imports during a national emergency. One source mentioned that Trump favors this law because it offers extensive jurisdiction over tariff implementation without the stringent requirement to prove that the tariffs are necessary for national security reasons. The Trump transition team has not responded to requests for comment.