Trump Considers Declaring National Economic Emergency to Impose New Tariffs
2025-01-08
Reuters
US President-elect Donald Trump is mulling a national economic emergency declaration to justify a new tariff program, targeting both allies and adversaries, according to CNN reports. This move could have significant implications for global trade policies and economic relations. The potential declaration would provide a legal basis for imposing universal tariffs, sparking concerns among trade experts and economists. With the US trade deficit and economic stability at stake, Trump's decision could lead to a major shift in international trade dynamics, impacting global markets and economies. Key terms: trade policies, economic emergency, tariff program.