President-elect Donald Trump is considering declaring a national economic emergency to implement his tariff policies, utilizing the International Economic Emergency Powers Act to oversee imports during a crisis, per CNN sources. Stock futures dropped and the U.S. dollar strengthened in response to the news, as Trump’s team weighs legal options and alternatives to the potential declaration. Trump had campaigned on imposing high tariffs, particularly on Chinese products, and recently vowed to increase tariffs on Chinese imports by 10% and impose fees on goods from Canada and Mexico.
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Texas governor outpacing Newsom in disaster response despite Dem mutiny slowing progress
Texas Governor Greg Abbott has quickly distributed $25,000 relief checks to over 60 families affected by recent catastrophic floods, aided by country music star George Strait, contrasting with the slower response to California's wildfire relief efforts. Abbott emphasized the need for prompt assistance to ensure funds reach those most impacted, highlighting Texas's effective relief operation just weeks after the disaster. Want More Context? 🔎
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