This is the story that looks to have accelerated the dollar gains in the past 5 minutes. The report says that Trump is considering to declare a national economic emergency in order to obtain legal justification to slap large tariffs on US allies and adversaries.
The declaration is said to allow Trump to construct a new tariff program under the International Economic Emergency Powers Act, which will unilaterally authorise the president to manage imports during a time of "national emergency".
More to come..
This article was written by Justin Low at www.forexlive.com.
The declaration is said to allow Trump to construct a new tariff program under the International Economic Emergency Powers Act, which will unilaterally authorise the president to manage imports during a time of "national emergency".
More to come..
This article was written by Justin Low at www.forexlive.com.