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Trump Considers Economic Emergency Declaration for Universal Tariffs

share-iconWednesday, January 08 comment-icon2 weeks ago 8 views
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cnnCNN
Trump Considers Economic Emergency Declaration for Universal Tariffs

Credited from: CNN

  • President-elect Donald Trump is mulling a **national economic emergency** declaration to enable universal tariffs.
  • The declaration would utilize the **International Economic Emergency Powers Act (IEEPA)**, which grants broad authority for tariffs without strict national security justifications.
  • Sources indicate that **discussions on this strategy** highlight the lack of a final decision on the emergency declaration.
  • Trump’s team is also seeking alternative legal methods to implement tariffs, including **section 338 and section 301** of US trade law.
  • Supporters argue that these tariffs are crucial for **rebuilding US manufacturing** and addressing economic security concerns.

For further details, visit the original news article.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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