WASHINGTON — United States president-elect Donald Trump may declare a national emergency in order to turn his threat to slap Canada with 25 per cent across-the-board tariffs into a reality.
With less than two weeks to go until Trump returns to the White House, it's still not clear how the Republican leader will enact his tariff agenda. Greta Peisch, the former general counsel for the Office of the U.S. Trade Representative, said the incoming president could use the International Economic Emergency Powers Act .
While its predecessor, the Trading With The Enemy Act, was used during the Nixon administration to briefly impose a 10 per cent tariff on all imports into the U.S., no president has used IEEPA for tariffs.Trump is aware of the power of the statute. He threatened to use it to impose five per cent tariffs on Mexico if it didn't address issues around the border and illegal immigration during his first administration.
It's not the only tool he has. Trump's team also may be considering a section of the Trade Act of 1974, which was used to impose tariffs on China during his first administration, or a section of the Trade Expansion Act of 1962, which put duties on Canadian steel and aluminum, Peisch said. In response, Prime Minister Justin Trudeau and Finance Minister Dominic LeBlanc travelled to Mar-a-Lago to discuss the duties last year. A few weeks later, LeBlanc announced a series of measures to beef up border security with a $1.3-billion package."We don't have tariffs on them yet but that will happen," Trump said about Canada Thursday.
"We have to be ready," Foreign Affairs Minister Mélanie Joly told reporters Friday morning on Parliament Hill, ahead of a meeting of ministers on the Canada-U. S. cabinet committee to discuss the retaliatory measures Ottawa would deploy if tariffs are applied.Federal and provincial leaders also made frequent appearances on American news shows to warn that tariffs on Canada will harm U.S. consumers and businesses.
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