Doj: IEEPA emergency is "the cumulative effects of the persistent trade deficit on the nation's economy, and the fact that the trade deficit... has caused a state of affairs where the national defense industrial base is not adequately prepared."
https://subscriber.politicopro.com/article/2025/05/wild-pitch-lawyers-argue-over-whether-long-running-u-s-trade-deficit-is-an-emergency-00346010
https://subscriber.politicopro.com/article/2025/05/wild-pitch-lawyers-argue-over-whether-long-running-u-s-trade-deficit-is-an-emergency-00346010
Comments
However, this line of argument could raise the question of whether the emergency is well specified. The deficit isn't the problem, it's the lack of preparedness ... Itself a policy choice, a problem with many solutions.