The declaration would allow Trump to enact a new tariff schedule using the International Economic Emergency Powers Act IEEPA, which unilaterally authorizes the president to manage imports during a national emergency. One of the sources noted that Trump likes the law because it gives broad jurisdiction over how to implement tariffs without a strict requirement to prove that the tariffs are motivated by national security concerns.
Sources said no final decision has been made on whether to declare a national emergency. The Trump team is still exploring other legal avenues to support the tariffs Trump proposed during the campaign.
Dozens of Congressmen Outperformed the U. Stock Market with a Return of Up to 149%
1.8 According to Cailian Press, a report by Unusual Whales, a US slovenia telegram data financial data service company, showed that in the past 2024, as the congressional stock trading ban stagnated, the stock portfolios of more than 20 members of Congress outperformed the market. Overall, last year Democratic lawmakers' holdings rose 31%, Republicans' holdings rose 26%, and the S&P 500 rose 24.9%.
The report shows that the husband of former House Speaker Nancy Pelosi D-Calif. has seen his holdings rise nearly 71% in 2024, and his holdings have outperformed the market over the past few years. Pelosi, who opposes a congressional ban on stock trading, has said lawmakers should be able to participate in a "free market economy."
Nine lawmakers outperformed Pelosi last year, with Rep. David Rouze R-N.C. posting the biggest portfolio gain of 149%, largely thanks to a purchase of Nvidia stock a few years ago.