U.S. Retailers and Chamber of Commerce Challenge Trump Tariffs in Court
Major U.S. retailers and the U.S. Chamber of Commerce have taken legal action against former President Donald Trump's tariffs, marking a significant challenge to the trade policies implemented during his administration. The lawsuits, filed in recent days, argue that the tariffs have imposed undue financial burdens on businesses and consumers alike, prompting a reevaluation of their legality and economic impact.
According to Bloomberg, top U.S. retailers had initially hesitated to challenge the tariffs in court, fearing potential backlash. However, the sustained economic pressure has led to a change in strategy, with companies now seeking judicial intervention. The Guardian reports that the lawsuits specifically target the tariffs on goods ranging from electronics to apparel, which were part of Trump's broader trade war with China and other nations.
The Wall Street Journal highlights that the Chamber of Commerce's involvement underscores the widespread discontent among American businesses. The Chamber's lawsuit, as noted by Fortune, coincides with what they term 'Liberation Day,' symbolizing a push for relief from what they describe as oppressive trade measures. This legal battle could set a precedent for how future trade policies are contested and could influence the upcoming election cycle.
Related issues news
Can a president impose a tariff?
Although the US Constitution grants Congress the authority to levy taxes, including tariffs, Congress has passed laws allowing the President to impose tariffs for national security reasons unilaterally.
When did the president get tariff power?
Since 1974, the Trade Act of 1974 allows the president to impose a 15% tariff for 150 days if there is 'an adverse impact on national security from imports.' After 150 days, the tariff expires unless extended by Congress.
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