Trump OUT OF CONTROL As Plan To Tank Economy Escalates
January 11, 2025
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5:19Now PlayingTrump OUT OF CONTROL As Plan To Tank Economy Escalates
YouTube Description
as posted by the channelDonald Trump rages against reporting from the Washington Post with a new declaration that he will be using the International Economic Emergency Powers Act to declare an economic emergency and create an even larger destructive scale tariff program against US allies than previously announced. John Iadarola and Sharon Reed break it down on The Damage Report.
Read more here:
Trump is considering a national economic emergency declaration to allow for new tariff program, sources say
"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."
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