Post by
Gorilladome47 on Jan 08, 2025 12:51pm
Must READ, JUST OUT....
"Trump is considering a national economic emergency declaration to allow for new tariff program..."
(CNN) "President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a large swath of universal tariffs on allies and adversaries, four sources familiar with the matter told CNN, as Trump seeks to reset the global balance of trade in his second term. The declaration would allow Trump to construct a new tariff program by using the International Economic Emergency Powers Act, known as “IEEPA,” which unilaterally authorizes a president to manage imports during a national emergency. Trump, one of the sources noted, has a fondness for the law, since it grants wide-ranging jurisdiction over how tariffs are implemented without strict requirements to prove the tariffs are needed on national security grounds. “Nothing is off the table,” said a second source familiar with the matter, acknowledging the robust discussion over declaring a national emergency that has taken place."
WOW...link below...I think that say it all. Trump is coming with both guns blazing and China knows it...for anyone who thinks Trump is bluffing, and his tariff threats are nothing more than threats, look out below!
Think about this...Trump did nothing to China, and Xi retaliated with the ban of three critical minerals, and put the threat of graphite on the table...
How do you think China will react when Trump really goes for the jugular re trade and tariffs? China will most certainly retaliate...we all just hope they follow through with their threat of graphite! How in the world are still trading at .16 unbelievable...
really good article.
https://www.cnn.com/2025/01/08/economy/trump-national-economic-emergency-tariffs/index.html