Reported 1 day ago
President-elect Donald Trump is contemplating a national economic emergency declaration to legally justify implementing universal tariffs on both allies and adversaries, as reported by CNN. This decision would utilize the International Economic Emergency Powers Act, allowing him to manage imports during such a crisis. Trump has pledged to impose various tariffs, including a 10% tariff on global imports and higher tariffs on Chinese, Canadian, and Mexican goods upon taking office.
Source: YAHOO