Trump cited trade deficits, currency manipulation, and fentanyl trafficking as threats
On July 31, 2025, President Donald Trump defended his use of the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on imports from various countries, including a 10% baseline tariff and higher reciprocal tariffs, citing threats from trade deficits, currency manipulation, and issues like fentanyl trafficking. REPORTER: Why didn’t you invoke this law … Read more