Trump is considering a national economic emergency declaration to allow for new tariff program, sources say

Politics and Government Politics and Government

Wed, January 8, 2025

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Trump is considering a national economic emergenc .. tion to allow for new tariff program, sources say

Trump is considering a national economic emergency declaration to allow for new tariff program, sources say

^{Published on 2025-01-08 07:20:55 - MSN}

President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a large swathe of universal tariffs on allies and adversaries, four sources familiar with the matter told CNN,

According to sources cited by MSN, former President Donald Trump is contemplating declaring a national economic emergency if he wins the 2024 election. This declaration would enable him to implement a new tariff program aimed at protecting U.S. industries from what he perceives as unfair trade practices by other countries. The plan includes using emergency powers to bypass Congress, which could lead to significant economic policy changes without legislative approval. This move is part of Trump's broader strategy to address trade imbalances and protect American manufacturing, potentially escalating trade tensions with key economic partners.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-is-considering-a-national-economic-emergency-declaration-to-allow-for-new-tariff-program-sources-say/ar-AA1xaqi0 ]

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