President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a large swathe of universal tariffs on allies and adversaries, four sources familiar with the matter told CNN,

U.S. President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries, CNN reported on Wednesday,

President-elect has threatened nations including Canada, Mexico and China with steep duties on their products even before taking office

President-elect Donald Trump could use the International Economic Emergency Powers Act, a threat he has made before.

President-elect Donald Trump is calling a report from The Washington Post about him considering scaling back his tariff plans, “fake news.”

The US dollar pared a sharp decline against most major currencies on Monday after US President-elect Donald Trump denied a report that his tariff plans won’t be as broad as originally feared, with the currency volatility buffeting traders who have piled into long positions on the greenback to open the year.