Originally Posted by
Mugwump
BIARRITZ, France — President Trump asserted on Saturday that he has the authority to make good on his threat to force all American businesses to leave China, citing a national security law that has been used mainly to target terrorists, drug traffickers and pariah states like Iran, Syria and North Korea.
As he arrived in France for the annual meeting of the Group of 7 powers, Mr. Trump posted a message on Twitter citing the International Emergency Economic Powers Act of 1977, a law originally meant to enable a president to isolate criminal regimes, not sever economic ties with a major trading partner over a tariff dispute....
NYTIMES LINK:
(can we link to the nytimes?-rob)
“Any invocation of the International Emergency Economic Powers Act in these circumstances and for these purposes would be an abuse,” said Daniel M. Price, who was an international economic adviser to President George W. Bush. “The act is intended to address extraordinary national security threats and true national emergencies, not fits of presidential pique....”
...Under the International Emergency Economic Powers Act, a president can declare a “national emergency” in case of “any unusual and extraordinary threat” to “the national security, foreign policy, or economy of the United States” from abroad. This triggers special authority for the president to regulate “any transactions in foreign exchange” by Americans.
After re reading the post on the nytimes, It seems that if Trump thinks china is a threat to the us economy, that he can force companies to leave the country.
That threat would be an economic collapse as it seems.
Last edited by Rob_0126; 08-25-2019 at 07:05 PM.
Reason: clarifications
Proverbs 29:2, "...when the wicked beareth rule, the people mourn."
Acts 4:12, "Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved."
Hebrews 13:8, "Jesus Christ the same yesterday, and to day, and for ever."
Revelation 3:11, "Behold, I come quickly: hold that fast which thou hast, that no man take thy crown."
Matthew 28:20, "...I am with you alway, even unto the end of the world. Amen."