Trump is reportedly considering declaring a 'state of economic emergency' in the United States to initiate new tariff policies, and weaker-than-expected non-farm employment data strengthens confidence in interest rate cuts.

According to CNN, citing sources, US President-elect Trump is considering adopting the International Emergency Economic Powers Act (IEEPA) to declare a national economic emergency in order to implement the tariff plan he previously promised to the American people. (Synopsis: Trump shouted that he would impose 10~25% tariffs on Mexico, Canada, and China when he took office!) The dollar jumps, TSMC closes lower) (Background supplement: Trump's press conference "super crazy remarks" five points: annexation of Canada, takeover of the Panama Canal and Greenland. CNN reported later yesterday (8) citing sources that US President-elect Trump is considering adopting the International Emergency Economic Powers Act (IEEPA) to declare a national economic emergency in order to implement the tariff plan he previously promised to the American people. IEEPA unilaterally authorized the President of the United States to manage imports during the national emergency, and as early as 2019, Trump used IEEPA to threaten Mexico and try to impose a 5% tariff on it, but the two sides did not implement the tariff policy after negotiations. No final decision has yet been made CNN continued to point out that sources believe that Trump likes IEEPA very much because IEEPA gives the president broad powers over how tariffs are implemented. However, it is worth noting that another person familiar with the matter said that at present, Trump is only discussing which legal basis to take, and has not yet finally decided whether to adopt IEEPA. Another basis that the Trump team is currently evaluating is the possibility of using Section 338 of the U.S. Trade Act, which allows the president to impose new or additional tariffs on countries deemed to discriminate against U.S. business. At the same time, the trade law, which is considered Section 301, is also under Trump's consideration, which allows Trump to impose preliminary tariffs on China on national security grounds. All in all, Trump's tariff policy looks imperative, Nick Iacovella, vice president of the Coalition for a Prosperous America, commented: Trump understands that for the sake of economic development and national security, the United States must rebuild industry, which will benefit American workers and communities, and in order to achieve this goal, Trump must resort to tough trade policies, including tariffs. Fed Governor: If inflation falls back this year, it will support further interest rate cuts We know that U.S. stocks and cryptocurrencies have recently come under negative pressure due to expectations of the number of rate cuts by the US Federal Reserve (Fed) drop this year, as well as market concerns that tariffs and tax cuts after Trump officially took office may reignite inflation. However, just yesterday (8), Fed Governor Waller released a dovish signal, saying that although US inflation stagnated above the 2% target at the end of 2024, based on market expectations and short-term inflation data, the inflation situation in the United States needs to continue to improve, and he expects inflation to continue to decline this year, and supports the view of further interest rate cuts: Although the slow progress of inflation has triggered calls for a slowdown or pause in interest rate cuts, the medium-term inflation target will continue to advance towards 2%, and further interest rate cuts are reasonable. Small non-farm payrolls are lower than expected It is also worth mentioning that yesterday evening the US authorities also released the ADP employment report, known as small non-farm payrolls, data show that the number of private enterprise employment increased by 122,000 after quarterly adjustment in December last year, lower than the 139,000 expected by economists, and far lower than the 146,000 in November last year, the slowest growth rate since August last year. For the Fed, which wants to see economic warming slow, it is an economic data that supports a rate cut. Related reports Trump's probability of building BTC reserves within 100 days of taking office drops to 31%, two possible ways Meta abolishes third-party fact-checking and changes to X's "community notes" to curry favor with Trump? Experts worry that fake news may be more indiscriminate Canadian Prime Minister Trudow announced his resignation, and the successor is a BTC evangelist like Trump? This article was first published in BlockTempo, the most influential Block chain news media.