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President-elect Trump is considering invoking the International Economic Emergency Powers Act (IEEPA) to justify widespread tariffs on both allies and adversaries, aiming to reshape global trade. This action would grant him broad authority to implement tariffs without needing to demonstrate national security concerns, a feature appealing to Trump. Alternative legal avenues, including sections 338 and 301 of US trade law, are also under consideration, but IEEPA offers a faster route to implementing tariffs. While no final decision has been made, the potential for a national economic emergency declaration is actively being discussed.
John Q. Hosedrinker