President-elect Donald Trump is reportedly contemplating declaring a national economic emergency to justify imposing universal tariffs on both allies and adversaries. This move is seen as an attempt by Trump to reshape the global trade landscape during his upcoming term in office.
Sources familiar with the matter have indicated that Trump is exploring the option of utilizing the International Economic Emergency Powers Act (IEEPA) to implement a new tariff program. The IEEPA grants the president unilateral authority to regulate imports in times of national emergency.
