😐According to information from four sources familiar with the situation, as reported by CNN, Trump is considering declaring a national economic emergency to provide a legal basis for imposing widespread tariffs.

ℹ️ This declaration would allow Trump to use the International Emergency Economic Powers Act (IEEPA) to create a new tariff plan, which unilaterally gives the president the authority to manage imports during a national emergency. One source noted that Trump likes this law because it provides broad powers regarding how to impose tariffs, without strict requirements to demonstrate that the tariffs are being imposed for national security purposes. Trump's transition team did not respond to a request for comment.

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