Trump claims he has 'absolute right' to order US companies out of China under 1977 law

[crazytown]

CNN, August 24, 2019
https://www.cnn.com/2019/08/24/politics/trump-china-trade-war-emergency-economic-powers-act/index.html

Trump claims he has 'absolute right' to order US companies out of China under 1977 law

Washington (CNN)President Donald Trump claimed he has the "absolute right" to "order" US companies to stop doing business with China that would involve using his broad executive authority in a new and unprecedented way under a 1977 law.

On Friday, China unveiled a new round of retaliatory tariffs on about $75 billion worth of US goods, the latest escalation in an on-going trade war that's putting a strain on the world's two largest economies. In response, Trump wrote on Twitter later Friday: "Our great American companies are hereby ordered to immediately start looking for an alternative to China including bringing ...your companies HOME and making your products in the USA."

When leaving the White House for the G7 summit in France, Trump told reporters, "I have the absolute right to do that, but we'll see how it goes." He later explained that he was referring to the 1977 International Emergency Economic Powers Act (IEEPA), and in a Friday tweet wrote: "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. Case closed!"

Silly me. I thought the Absolute Right of Kings went out with the Magna Carta. Monday fun on Wall Street.

[Cicada]

1. Would this be a "taking" requiring compensation?

General Motors subsidiary in China is worth billions of dollars. If the government takes your property aren’t they required to compensate you for its value?

[Haggis for Breakfast]

2. The Emergency Economic Powers Act (1977)

does NOT give him this authority. Christ, does ANYONE on his staff know how to read ?

[crazytown]

3. That depends on Groveling Gorsuch and Blackout Brett

ask BS Barr.