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Trump Considers National Emergency Declaration to Implement Universal Tariffs

share-iconWednesday, January 08 comment-icon2 weeks ago 10 views
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scmpSCMP
Trump Considers National Emergency Declaration to Implement Universal Tariffs

Credited from: SCMP

  • The US president-elect **Donald Trump** is evaluating the option of declaring a **national economic emergency**.
  • This declaration would potentially enable him to implement a series of **universal tariffs** on both allies and adversaries.
  • Using the **International Economic Emergency Powers Act (IEEPA)**, Trump could legally manage imports during this declared emergency.
  • Trump has previously imposed tariffs of up to **25%** on Chinese goods and is proposing new tariffs, including **60% on all Chinese imports**.
  • Trade experts suggest invoking the **IEEPA emergency declaration** is crucial for quick action regarding his tariff plans.

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Atlas Winston

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

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