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'Devastating': Small businesses sue Trump over tariffs

  • Five small businesses filed suit against President Trump in the U.S. Court of International Trade this month.
  • Trump imposed tariffs under the International Emergency Economic Powers Act , citing trade deficits as justification.
  • The plaintiffs include FishUSA, Genova Pipe, MicroKits, Terry Precision Cycling, and VOS Selections, facing rising costs.
  • Nik Holm noted, "even before this year's increases, we were already paying tariffs of up to 39.5%"; now China faces 145%.
  • The lawsuit alleges Trump overstepped congressional authority, potentially starting a trade war impacting entrepreneurs and consumers.
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people.com.cn broke the news in on Tuesday, April 15, 2025.
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