
Twenty-four U.S. states, led by Democratic attorneys general from Oregon, California, and New York, filed a lawsuit challenging President Donald Trump's new global tariffs imposed under Section 122 of the Trade Act of 1974. The states argue that these tariffs, announced after the Supreme Court invalidated previous tariffs under the International Emergency Economic Powers Act, exceed presidential authority and could raise costs for consumers and businesses. The administration plans to increase tariffs from 10 to 15 percent, citing the need to address trade deficits.
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