A group of five small businesses has sued President Donald Trump over the new tariffs he has imposed on foreign imports, claiming he is illegally usurping Congress’ power to levy tariffs. The lawsuit, filed in the U.S. Court of International Trade, argues that Trump is not authorized to unilaterally issue worldwide tariffs under the International Emergency Economic Powers Act. The businesses, represented by the Liberty Justice Center, state that trade deficits do not constitute an emergency and that tariffs are devastating small businesses across the country. The lawsuit seeks to block Trump’s tariffs, which range from 10% on imports from most countries to higher rates for others. The plaintiffs include companies involved in importing and distributing wines, manufacturing sportfishing gear, making plastic pipe, creating educational kits, and producing women’s cycling apparel. The suit claims that these tariffs are causing significant financial harm to the businesses, with one company projecting up to $1.2 million in tariff costs by 2026. The plaintiffs are seeking to have Trump’s executive actions imposing tariffs declared illegal and reaffirm the principle of no taxation without representation. CNBC has reached out to the White House for comment on the lawsuit.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
