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Trump considers national economic emergency to implement universal tariffs

share-iconPublished: Wednesday, January 08 share-iconUpdated: Wednesday, January 08 comment-icon2 months ago
News sources:
REUTERS
Trump considers national economic emergency to implement universal tariffs

Credited from: REUTERS

  • U.S. President-elect **Donald Trump** is contemplating a **national economic emergency declaration**.
  • The declaration would enable universal **tariffs on imports** from both allies and adversaries.
  • The **International Economic Emergency Powers Act** may provide the necessary justification for this move.
  • Trump intends to impose a **10% tariff on global imports**, with significantly higher tariffs on specific countries.
  • The Trump transition team has not yet provided a comment regarding this potential action.

For more details, read the article here.

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Author:

Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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