The three major US stock index futures declined briefly, turning to a drop, with the USD rising by 0.6%. CNN cited informed sources reporting that USA President-elect Donald Trump is considering declaring a National Security economic emergency to provide a legal basis for widespread tariffs. Declaring a state of economic emergency would allow Trump to utilize the International Emergency Economic Powers Act (IEEPA) to establish a new tariff plan; this law unilaterally authorizes the president to manage imports during a national emergency. A source indicated that Trump favors this law due to the broad jurisdiction it grants regarding the implementation of tariffs and its lack of strict requirements for justifying tariffs on the basis of National Security. Informed sources told CNN that no final decision has yet been made on whether to declare a national emergency, and Trump's transition team did not respond to CNN's request for comments.