Business File Suit to Block Trump’s Tariffs; President Says Cars, iPhones May Get Breaks
A group of businesses has filed suit to block the Trump administration’s broad tariffs on the grounds that they are not an emergency.
When he first announced the tariffs on April 2, Trump invoked the International Emergency Economic Powers Act, which gives a president sweeping economic powers during a declared emergency to address “any unusual and extraordinary threat” to the national security, foreign policy, or the economy of the U.S.
Citing “massive impacts that are likely to do severe damage to the global economy,” the suit was filed on behalf of five companies by the not-for-profit Liberty Justice Center. They include wine importer V.O.S. Selections, pipe maker Genova Pipe, and a cycling apparel company, Terry Precision Cycling, among others.
They filed suit Monday in the U.S. Court of International Trade.
“This court should declare the President’s unprecedented power grab illegal, enjoin the operation of the executive actions that purport to impose these tariffs under the IEEPA, and reaffirm this country’s core founding principle: there shall be no taxation without representation,” the suit says.
The Trump administration did not immediately reply to Barron’s request for comment.