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, but the International Economic Emergency Powers Act is one possibility.
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.
IEEPA is a national security statute that gives the U.S. president authority to control economic transactions after declaring an emergency. It's been reported in the U.S. that Trump and his team are looking at declaring an economic emergency to use the statute this time around. Soon after winning the election, Trump threatened to impose sweeping tariffs on Mexico and Canada unless the two countries stop drugs and people from illegally crossing their borders with America. He has said the action would be one of his first executive orders on Jan. 20, when he assumes office.
While Trudeau has said there's not a "snowball's chance in hell" that Canada would join the U.S., Canadian officials are preparing for a very real tariff threat. Alschner said the magnitude of the threatened tariffs and their connection to border security concerns qualify them as "economic coercion" — the use of abusive or excessive measures to affect trade and interfere with a foreign government's exercise of its sovereign rights.
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