WashingtonCNN)Xresidentonald Trumpclaimed he has the "absolute right" to "order" US companies to stop doing business with China that would involve using his broad executive authority in a new and unprecedented way under a 1977 law.
Trump claims he has 'absolute right' to order US companies out of China under 1977 law
Byeronica Stracqualursi, CNN
Updated at617 GMT (0017 HKT) August 24, 2019
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WashingtonCNN)Xresidentonald Trumpclaimed he has the "absolute right" to "order" US companies to stop doing business with China that would involve using his broad executive authority in a new and unprecedented way under a 1977 law.
On Friday, Chinanveiled a new round of retaliatory tariffsn about $75 billion worth of US goods, the latest escalation in an on-going trade war that's putting a strain on the world's two largest economies. In response, Trump wrote on Twitter later Friday: "Our great American companies are hereby ordered to immediately start looking for an alternative to China including bringing ...your companies HOME and making your products in the USA."
When leaving the White House for the G7 summit in France, Trump told reporters, "I have the absolute right to do that, but we'll see how it goes." He later explained that he was referring to the 1977 International Emergency Economic Powers Act (IEEPA), and in ariday tweetrote: "For all of the Fake News Reporters that don't have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977. Case closed!"
Trump claims he has 'absolute right' to order US companies out of China under 1977 law
Byeronica Stracqualursi, CNN
Updated at617 GMT (0017 HKT) August 24, 2019
Play Video
01:31
Trump asks if Federal Reserve bigger enemy than China
02:03
Cuccinelli on rule change: This is a deterrent
01:30
Former amb. to Denmark blasts Trump's canceled state trip
03:10
Lemon and Cuomo imagine Trump prepping 'chosen one' line
01:13
Trump calls Danish PM's response on Greenland 'nasty'
02:13
Spike Lee: Why are we still asking this about Trump?
03:19
ADL CEO: Jews are not political props for partisan gain
02:13
Trump moves to extend allowed detention of migrants
02:07
China responds to Trump's retaliatory tweet in trade war
02:07
Williamson: US economy skewed in favor of few people
00:53
Trump: If Jerome Powell resigned, I wouldn't stop him
00:50
Recalling deaths of leaders, Biden poses hypothetical question on Obama
05:18
Sciutto: Trump joked as the market went down the tubes
02:44
North Korea calls Pompeo 'poisonous plant' of US diplomacy
00:55
Former Obama economic adviser stunned by Trump tweet
01:31
Trump asks if Federal Reserve bigger enemy than China
02:03
Cuccinelli on rule change: This is a deterrent
01:30
Former amb. to Denmark blasts Trump's canceled state trip
03:10
Lemon and Cuomo imagine Trump prepping 'chosen one' line
01:13
Trump calls Danish PM's response on Greenland 'nasty'
02:13
Spike Lee: Why are we still asking this about Trump?
03:19
ADL CEO: Jews are not political props for partisan gain
02:13
Trump moves to extend allowed detention of migrants
02:07
China responds to Trump's retaliatory tweet in trade war
02:07
Williamson: US economy skewed in favor of few people
00:53
Trump: If Jerome Powell resigned, I wouldn't stop him
00:50
Recalling deaths of leaders, Biden poses hypothetical question on Obama
05:18
Sciutto: Trump joked as the market went down the tubes
02:44
North Korea calls Pompeo 'poisonous plant' of US diplomacy
00:55
Former Obama economic adviser stunned by Trump tweet
WashingtonCNN)Xresidentonald Trumpclaimed he has the "absolute right" to "order" US companies to stop doing business with China that would involve using his broad executive authority in a new and unprecedented way under a 1977 law.
On Friday, Chinanveiled a new round of retaliatory tariffsn about $75 billion worth of US goods, the latest escalation in an on-going trade war that's putting a strain on the world's two largest economies. In response, Trump wrote on Twitter later Friday: "Our great American companies are hereby ordered to immediately start looking for an alternative to China including bringing ...your companies HOME and making your products in the USA."
When leaving the White House for the G7 summit in France, Trump told reporters, "I have the absolute right to do that, but we'll see how it goes." He later explained that he was referring to the 1977 International Emergency Economic Powers Act (IEEPA), and in ariday tweetrote: "For all of the Fake News Reporters that don't have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977. Case closed!"
Related Article:here Trump's 'emergency power' on foreign business comes from
Trump's latest comments again raise questions as toow far the President's authority goes under the IEEPA. In May, Trump threatened to slap Mexico with punitive tariffs unless it slowed the passage of migrants from Central America to the US. The IEEPA, according to the Congressional Research Service, has never been invoked to impose tariffs, and Trump ultimately drew back at the last minute.
The IEEPA, passed in the wake of Watergate and Vietnam, gives Trump "broad authority to regulate a variety of economic transactions following a declaration of national emergency," according to annalysis by the CRS.
Trump claims he has 'absolute right' to order US companies out of China under 1977 law
Byeronica Stracqualursi, CNN
Updated at617 GMT (0017 HKT) August 24, 2019
Play Video
01:31
Trump asks if Federal Reserve bigger enemy than China
02:03
Cuccinelli on rule change: This is a deterrent
01:30
Former amb. to Denmark blasts Trump's canceled state trip
03:10
Lemon and Cuomo imagine Trump prepping 'chosen one' line
01:13
Trump calls Danish PM's response on Greenland 'nasty'
02:13
Spike Lee: Why are we still asking this about Trump?
03:19
ADL CEO: Jews are not political props for partisan gain
02:13
Trump moves to extend allowed detention of migrants
02:07
China responds to Trump's retaliatory tweet in trade war
02:07
Williamson: US economy skewed in favor of few people
00:53
Trump: If Jerome Powell resigned, I wouldn't stop him
00:50
Recalling deaths of leaders, Biden poses hypothetical question on Obama
05:18
Sciutto: Trump joked as the market went down the tubes
02:44
North Korea calls Pompeo 'poisonous plant' of US diplomacy
00:55
Former Obama economic adviser stunned by Trump tweet
01:31
Trump asks if Federal Reserve bigger enemy than China
02:03
Cuccinelli on rule change: This is a deterrent
01:30
Former amb. to Denmark blasts Trump's canceled state trip
03:10
Lemon and Cuomo imagine Trump prepping 'chosen one' line
01:13
Trump calls Danish PM's response on Greenland 'nasty'
02:13
Spike Lee: Why are we still asking this about Trump?
03:19
ADL CEO: Jews are not political props for partisan gain
02:13
Trump moves to extend allowed detention of migrants
02:07
China responds to Trump's retaliatory tweet in trade war
02:07
Williamson: US economy skewed in favor of few people
00:53
Trump: If Jerome Powell resigned, I wouldn't stop him
00:50
Recalling deaths of leaders, Biden poses hypothetical question on Obama
05:18
Sciutto: Trump joked as the market went down the tubes
02:44
North Korea calls Pompeo 'poisonous plant' of US diplomacy
00:55
Former Obama economic adviser stunned by Trump tweet
WashingtonCNN)Xresidentonald Trumpclaimed he has the "absolute right" to "order" US companies to stop doing business with China that would involve using his broad executive authority in a new and unprecedented way under a 1977 law.
On Friday, Chinanveiled a new round of retaliatory tariffsn about $75 billion worth of US goods, the latest escalation in an on-going trade war that's putting a strain on the world's two largest economies. In response, Trump wrote on Twitter later Friday: "Our great American companies are hereby ordered to immediately start looking for an alternative to China including bringing ...your companies HOME and making your products in the USA."
When leaving the White House for the G7 summit in France, Trump told reporters, "I have the absolute right to do that, but we'll see how it goes." He later explained that he was referring to the 1977 International Emergency Economic Powers Act (IEEPA), and in ariday tweetrote: "For all of the Fake News Reporters that don't have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977. Case closed!"
Trump's latest comments again raise questions as toow far the President's authority goes under the IEEPA. In May, Trump threatened to slap Mexico with punitive tariffs unless it slowed the passage of migrants from Central America to the US. The IEEPA, according to the Congressional Research Service, has never been invoked to impose tariffs, and Trump ultimately drew back at the last minute.
The IEEPA, passed in the wake of Watergate and Vietnam, gives Trump "broad authority to regulate a variety of economic transactions following a declaration of national emergency," according to annalysis by the CRS.
Those presidential powers can be used "to deal with any unusual and extraordinary threat....to the national security, foreign policy, or economy of the United States."
Under the IEEPA, the President has to consult with Congress before invoking his authority and, after declaring a national emergency, send a report to Congress explaining why.
This authority has been used frequently; there have been 54 national emergencies, 29 of which are ongoing. In the first use of the IEEPA, during the Iran hostage crisis in 1979, President Jimmy Carter imposed trade sanctions against Iran, freezing Iranian assets in the US, according to CRS.
Stephen Vladeck, a law professor at the University of Texas and a CNN legal analyst, told CNN in May that what Trump wanted to do under the law with Mexico may have been within the authority given to the White House by Congress