President-elect Donald Trump is reportedly weighing a national economic emergency declaration to justify broad tariffs on allies and adversaries. Trump’s team is exploring legal frameworks, including the International Economic Emergency Powers Act, which grants unilateral authority to manage imports during a declared emergency. Sources indicate Trump favors the law due to its flexibility in implementing tariffs without stringent requirements tied to national security. Trump's team has not finalized a decision on declaring a national emergency and is considering other legal options to support proposed tariffs.
