00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President-elect Donald Trump is reportedly weighing a national economic emergency declaration
00:07to justify broad tariffs on both allies and adversaries.
00:10Trump's team is exploring legal frameworks, including the International Economic Emergency
00:14Powers Act, which grants unilateral authority to manage imports during a declared emergency.
00:20Sources indicate Trump favors the law due to its flexibility in implementing tariffs
00:25without stringent requirements tied to national security.
00:28Trump's team has now finalized a decision on declaring a national emergency,
00:32and is considering other legal options to support proposed tariffs.
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