BusinessPostCorner.com
No Result
View All Result
Saturday, June 14, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Trump sued by states over tariffs, trade policy

April 24, 2025
in Accounting
Reading Time: 2 mins read
A A
0
Trump sued by states over tariffs, trade policy
ShareShareShareShareShare

A dozen U.S. states are challenging President Donald Trump’s “immense and ever-changing” global tariffs in court, alleging he illegally bypassed Congress by issuing duties under an emergency economic law.

The suit, filed Wednesday in the U.S. Court of International Trade in Manhattan, argues that Congress didn’t grant Trump the necessary authority to impose the tariffs and that national trade policy “now hinges on the president’s whims rather than the sound exercise of his lawful authority.”

Trump “has upended the constitutional order and brought chaos to the American economy,” the group, which includes New York, Illinois and Arizona, said in the complaint.

A spokesman for the White House criticized Democratic officials who filed the complaint for “prioritizing a witch hunt against President Trump over protecting the safety and wellbeing of their constituents.”

“The Trump Administration remains committed to using its full legal authority to confront the distinct national emergencies our country is currently facing — both the scourge of illegal migration and fentanyl flows across our border and the exploding annual U.S. goods trade deficit,” White House spokesman Kush Desai said in a statement.

The suit follows a handful of others — filed by California, small businesses and members of the Blackfeet Nation tribe in Montana — that all make similar claims. It seeks a court order halting the tariffs, including the worldwide levies Trump paused on April 9. The states allege the tariffs amount to a massive tax on American consumers.

“The president does not have the power to raise taxes on a whim, but that’s exactly what President Trump has been doing with these tariffs,” New York Attorney General Letitia James said in a statement. “Donald Trump promised that he would lower prices and ease the cost of living, but these illegal tariffs will have the exact opposite effect on American families.”

The complaint takes aim at Trump’s use of the International Emergency Economic Powers Act, which the president invoked for “the most damaging of his tariffs,” according to the suit. 

The states argue the law was passed five decades ago to prevent presidents from abusing emergency powers, and that it can only be invoked to respond to an “unusual and extraordinary threat.” Trade deficits and other issues cited by Trump don’t meet that standard, the states allege.

“The statutory requirement of an ‘unusual and extraordinary threat’ is not met by the president’s declaration of emergency accompanying the Worldwide Tariff Order,” the states said in the complaint. “As the Worldwide Tariff Order acknowledges, ‘annual U.S. goods trade deficits’ are ‘persistent’; thus, by definition, they are not ‘unusual and extraordinary.'”

The suit comes a day after Trump turned down his tariff rhetoric against China, the world’s second-biggest economy. Global markets are still on edge, however, given how frequently Trump has changed course on the matter.

The other states in the suit are Oregon, Colorado, Connecticut, New Mexico, Vermont, Nevada, Delaware, Minnesota and Maine.

The case is State of Oregon v. Trump, 1:25-cv-00077, US Court of International Trade (New York).

Credit: Source link

ShareTweetSendPinShare
Previous Post

If you want trade talks, cancel tariffs

Next Post

Trump says millionaire tax would push wealthy to leave US

Next Post
Trump says millionaire tax would push wealthy to leave US

Trump says millionaire tax would push wealthy to leave US

Israel launches major attack on Iran

Israel launches major attack on Iran

June 13, 2025
Nvidia’s Jensen Huang says he disagrees with almost everything Anthropic CEO Dario Amodei says

Nvidia’s Jensen Huang says he disagrees with almost everything Anthropic CEO Dario Amodei says

June 11, 2025
Doing the math on private equity in accounting

Doing the math on private equity in accounting

June 9, 2025
Guernsey food bank faces shortages in food donations

Guernsey food bank faces shortages in food donations

June 9, 2025
Executives converge on Washington to halt Trump’s foreign investment tax

Executives converge on Washington to halt Trump’s foreign investment tax

June 8, 2025
Donald Trump Pledges ‘Clear, Simple’ Onchain Rules Before Imminent GENIUS Act Vote

Donald Trump Pledges ‘Clear, Simple’ Onchain Rules Before Imminent GENIUS Act Vote

June 13, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Trump administration gives personal data of immigrant Medicaid enrollees to deportation officials

Trump administration gives personal data of immigrant Medicaid enrollees to deportation officials

June 14, 2025
‘We sit in the dark to save money on electricity in Guernsey’

‘We sit in the dark to save money on electricity in Guernsey’

June 14, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!