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U.S. businesses sue to block Trump tariffs, say trade deficits aren’t an emergency

By Ilene
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President Donald Trump in the Oval Office of the White House on Wednesday. Saul Loeb / AFP - Getty Images

U.S. businesses sue to block Trump tariffs, say trade deficits aren’t an emergency

The lawsuit alleges Trump has illegally usurped Congress’ power to levy tariffs by claiming trade deficits with other countries constitute an emergency.

By Dan Mangan, CNBC

A group of five small businesses on Monday sued President Donald Trump, seeking to block new tariffs that he has imposed on foreign imports in recent weeks.

The lawsuit in the U.S. Court of International Trade alleges that Trump has illegally usurped Congress’ power to levy tariffs by claiming that trade deficits with other countries constitute an emergency.

More here >

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