Trump: No Plans to Declare National Emergency for 2026 Midterm Elections

Summary

Trump stated he is not considering declaring a national emergency specifically for the 2026 midterms, despite facing low approval ratings and internal party friction.Zhitong+ 2 However, his administration has simultaneously utilized emergency powers regarding Cuba and asserted authority to impose tariffs without Congressional approval.Sina Finance

Impact Analysis

Don’t let the headline fool you. By explicitly denying he’ll declare a national emergency for the election, Trump is actually signaling how worried the GOP is about the 2026 midterms. His approval is tanking—we’re seeing numbers like 26% among independents—and the “no emergency” talk is damage control to look stable.Zhitong+ 2

But watch the other hand. He’s already pulling emergency levers on foreign policy (like the Cuba blockade) and bypassing Congress on tariffs to look tough.Sina Finance This isn’t a retreat; it’s a desperate pivot to economic populism to save the House.

Bottom line: The political risk premium isn’t vanishing; it’s shifting to trade and sanctions. Expect high volatility in energy and importers as he tries to manufacture a win. Also, keep a close eye on DJT stock—it’s trading 60% down year-over-year. If that breaks support, it confirms the political capital is drying up faster than the market realizes.benzinga_article