Legal scholars and trade policy experts say that President Trump is right to claim broad powers to prohibit companies from trading with foreign countries thanks to a 1977 law that has previously not garnered much attention outside the context of national security.
The law, the International Emergency Economic Powers Act signed by Democratic President Jimmy Carter, gives the president sweeping powers to restrict trade once a "national emergency" is declared.
"The president can impose a virtual embargo on a nation under IEEPA," said John Yoo, director of the public law and policy program at the University of California at Berkeley and a former official in George W. Bush's Office of Legal Counsel.
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4 comments:
MAD
Mutually assured destruction
Trump made another fatal error not requiring refineries to mix their gas with ethanol. This caused 15 ethanol plants to shut. Over a billion and a half bushels of corn are now not needed which means he's losing support from the farm belt.
Farmers will vote for our President again in 2020. Looking forward to his re-election.
you bitch if ethanol is in your gas you bitch if its not make up your mind
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