Share to twitterDonald Trump during a welcoming ceremony with China's President Xi Jinping on November 9, 2017, in Beijing, China. Since that visit, Trump has increased tariffs on imports from China and threatened to use"emergency" powers against U.S. companiesWhile many commentators mocked Donald Trump’s order to stop producing goods in China, a close reading of the International Emergency Economic Powers Act should worry U.S.
The law states, in section 1701, “Any authority granted to the President . . . may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat.”
. “The act is intended to address extraordinary national security threats and true national emergencies, not fits of presidential pique.” Those who believe a president would not take an action economically harmful to many U.S. companies and consumers may not have paid attention to the administration’s increases in tariffs over the past two years – or Trump’s recent statements. The latest example is a comment that at first was interpreted as backing off on the threat to order U.S. companies to leave China. It instead became a reaffirmation of the U.S.-China trade war.
fakenews
‘Fear’ is too strong a word. The only people that need fear Trump are those with malintent! The rest need only seek clarity over their concerns and continue their normal course of business! These rhetorics are far too emotional o be of any value!
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