US president-elect allegedly considering using national act for legal justification to introduce universal tariffs
08 January 2025 - 15:12
byShivani Tanna
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US president-elect Donald Trump. Picture: JORGE SILVA/REUTERS
Bengaluru — US president-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday, citing sources familiar with the matter.
The move will allow Trump to build a new tariff programme by using the International Economic Emergency Powers Act, which authorises a president to manage imports during a national emergency, the report said.
“Nothing is off the table,” a source familiar with the matter told CNN, acknowledging that a discussion had taken place over declaring a national emergency.
The Trump transition team did not immediately respond to a Reuters request for comment.
Trump, a Republican who will take office on January 20, has vowed to impose tariffs of 10% on global imports into the US, along with a 60% tariff on Chinese goods.
He has also said he would impose a 25% tariff on Canadian and Mexican imports on his first day in office.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Trump mulling economic emergency declaration, says CNN
US president-elect allegedly considering using national act for legal justification to introduce universal tariffs
Bengaluru — US president-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday, citing sources familiar with the matter.
The move will allow Trump to build a new tariff programme by using the International Economic Emergency Powers Act, which authorises a president to manage imports during a national emergency, the report said.
“Nothing is off the table,” a source familiar with the matter told CNN, acknowledging that a discussion had taken place over declaring a national emergency.
The Trump transition team did not immediately respond to a Reuters request for comment.
Trump, a Republican who will take office on January 20, has vowed to impose tariffs of 10% on global imports into the US, along with a 60% tariff on Chinese goods.
He has also said he would impose a 25% tariff on Canadian and Mexican imports on his first day in office.
Reuters
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