Trump could declare national economic emergency to justify universal tariffs, CNN reports

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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