It turns out that a American President CAN bar companies from doing business with a targeted foreign country…
The law, the International Emergency Economic Powers Act of 1977 was passed to target criminal or terrorist organiztions, or regimes like ISIS or Al Queida….
Trump’s people have advised him that he could use the law as another weapon in his Trade War against China….The Trump Commerce Dept. is reporting that China has dropped behind Mexico and Canada in doing business with America for now…But we don’t really know if those numbers are real or for Trump’s eyes….
Donald Trump IS gonna keep at this even if it brings the place down us…
He’s on record as saying America WILL have to suffer for him….
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 meant to enable a president to isolate criminal regimes but not intended to be used to cut off economic ties with a major trading partner because of a disagreement over tariffs.
“For all of the Fake News Reporters that don’t have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977,” Mr. Trump wrote. “Case closed!”