President-elect Donald Trump is considering declaring a national economic emergency to implement his proposed tariff policies, as reported by CNN. This declaration would enable him to execute the tariff program central to his campaign via the International Economic Emergency Powers Act (IEEPA), which grants the president authority to manage imports during a national crisis. Following the news, stock futures declined while the U.S. dollar strengthened against other currencies. Although Trump is weighing his options, including potential alternative legal justifications based on U.S. trade law, no final decision has been made regarding the emergency declaration. Throughout his campaign, Trump consistently advocated for substantial tariffs on imports, particularly targeting Chinese goods with fees potentially exceeding 60%. In the aftermath of his electoral victory, he pledged to implement a 10% increase on Chinese imports and 25% tariffs on products from Canada and Mexico. Recent reports suggested he might narrow the scope of his tariff focus, a strategy that appears to be more favorably received by Wall Street. However, Trump has since denied those claims.
