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Twelve U.S. states want Trump’s tariffs reversed
The post Twelve U.S. states want Trump’s tariffs reversed appeared on BitcoinEthereumNews.com. Oregon, Illinois, New York, and nine more U.S. states have filed a lawsuit against U.S. President Donald Trump. The lawsuit alleged that President Donald Trump misused the Emergency Powers Act. The twelve states will ask a federal court to pause the president’s ‘Liberation Day’ tariffs. A lawsuit has been filed by twelve U.S. states challenging Trump’s Liberation Day tariffs. The state attorneys claimed that the president misused the International Emergency Economic Powers Act meant to address unusual economic threats to the U.S. A three-judge panel at the Court of International Trade in Manhattan will hear the lawsuit. State attorneys sue the U.S. President AG Dan Rayfield explains what to expect in oral arguments for our tariff lawsuit tomorrow at the U.S Court of International Trade. This lawsuit challenges President Trump’s misuse of an emergency power to set tariffs and impacts all of us. pic.twitter.com/MgCtbXJdz9 — Oregon Attorney General Dan Rayfield (@ORDOJ) May 20, 2025 Trump said America’s long history of importing goods more than it exports to other nations was a national emergency. The president added that importing more than they export has harmed manufacturers in the U.S. Trump imposed tariffs on Canada, Mexico, and China in February. The U.S. President also imposed a 10 percent across-the-board trade tariff on all imports in April this year, aimed at nations with which America had the largest trade deficits. Most of those nation-specific trade tariffs were halted a week later. Recently, the Trump administration temporarily decreased its trade tariffs on China after the two nations held discussions in Geneva, Switzerland. The two nations promised to work on a long-term deal. The twelve U.S. states argued that the trade deficit experienced by the country was not an emergency. The states added that the IEEPA was not allowed to authorize any trade tariffs at…
The post Twelve U.S. states want Trump’s tariffs reversed appeared on BitcoinEthereumNews.com.
Oregon, Illinois, New York, and nine more U.S. states have filed a lawsuit against U.S. President Donald Trump. The lawsuit alleged that President Donald Trump misused the Emergency Powers Act. The twelve states will ask a federal court to pause the president’s ‘Liberation Day’ tariffs. A lawsuit has been filed by twelve U.S. states challenging Trump’s Liberation Day tariffs. The state attorneys claimed that the president misused the International Emergency Economic Powers Act meant to address unusual economic threats to the U.S. A three-judge panel at the Court of International Trade in Manhattan will hear the lawsuit. State attorneys sue the U.S. President AG Dan Rayfield explains what to expect in oral arguments for our tariff lawsuit tomorrow at the U.S Court of International Trade. This lawsuit challenges President Trump’s misuse of an emergency power to set tariffs and impacts all of us. pic.twitter.com/MgCtbXJdz9 — Oregon Attorney General Dan Rayfield (@ORDOJ) May 20, 2025 Trump said America’s long history of importing goods more than it exports to other nations was a national emergency. The president added that importing more than they export has harmed manufacturers in the U.S. Trump imposed tariffs on Canada, Mexico, and China in February. The U.S. President also imposed a 10 percent across-the-board trade tariff on all imports in April this year, aimed at nations with which America had the largest trade deficits. Most of those nation-specific trade tariffs were halted a week later. Recently, the Trump administration temporarily decreased its trade tariffs on China after the two nations held discussions in Geneva, Switzerland. The two nations promised to work on a long-term deal. The twelve U.S. states argued that the trade deficit experienced by the country was not an emergency. The states added that the IEEPA was not allowed to authorize any trade tariffs at…
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