Trump Weighs Emergency Declaration for New Tariff Program: CNN

President-elect Donald Trump mulls declaring a national economic emergency to provide legal ground for universal tariffs, CNN reports citing people familiar with the matter.

• The declaration would allow Trump to set up a new tariff program by using the International Economic Emergency Powers Act
• Trump transition team did not respond to CNN’s request for comment

Trump has previously suggested he would use this power to impose tariffs without Congressional approval. His team has has drafted executive orders claiming wide-ranging authority to impose such sanctions, including using Section 301, Section 338 and Section 122, according to people familiar with the discussions. ...