President-elect Trump is considering using the International Economic Emergency Powers Act to justify universal tariffs on both allies and adversaries.
President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a large swath of universal tariffs on allies and adversaries, four sources familiar with the matter told CNN, as Trump seeks to reset the global balance of trade in his second term.
The declaration would allow Trump to construct a new tariff program by using the International Economic Emergency Powers Act, known as “IEEPA,” which unilaterally authorizes a president to manage imports during a national emergency. Trump, one of the sources noted, has a fondness for the law, since it grants wide-ranging jurisdiction over how tariffs are implemented without strict requirements to prove the tariffs are needed on national security grounds. “Nothing is off the table,” said a second source familiar with the matter, acknowledging the robust discussion over declaring a national emergency that has taken place. The Trump transition team did not respond to a request for comment. In 2019, Trump used IEEPA to threaten a 5% tariff on all Mexican imports that would rise to 25% if Mexico declined to take action to reduce the number of undocumented immigrants crossing the border with the United States. After Mexican officials traveled to Washington for a week of in-person negotiations – and an agreement was reached to reinstate the “Remain in Mexico” immigration policy – the tariffs were never implemented. But the specter of the potential action, predicated by a national emergency Trump had declared on the southern border three months earlier, led prominent business lobbying groups like the Chamber of Commerce and the Business Roundtable to prepare lawsuits challenging the legality of such a move. No final decision has been made on whether to declare a national emergency, sources told CNN. Trump’s team is still exploring other legal avenues to buttress the tariffs that Trump pitched on the campaign trai
TRADE TARIFFS NATIONAL EMERGENCY DONALD TRUMP IEEPA
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