US Edition'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.
10 Articles
10 Articles
Longview News-Journal
'Devastating': Small businesses sue Trump over tariffs
A group of small businesses — including a wine and sake importer, industrial manufacturer and fishing gear and tackle e-commerce firm — are suing President Donald Trump over his tariffs, challenging his use of an emergency law to impose taxes…
How Mass. businesses are reacting to Trump's tariffs
Scott Kirsner, a columnist with our editorial partner MassLive, has been talking to local entrepreneurs. He's joins WBUR's Morning Edition to share how local entrepreneurs say they are running their businesses in the face of volatility.
'Unconstitutional usurpation of power': Small businesses sue Trump over 'devastating' tariffs
Though U.S. President Donald Trump temporarily paused some of his "Liberation Day" tariffs for negotiations, a nonprofit firm and legal scholar still sued him and other officials on Monday on behalf of five import-reliant small businesses, asking the U.S. Court of International Trade to "declare the president's unprecedented power grab illegal."Ilya Somin, a Cato Institute chair and George Mason University law professor, announced earlier this m…
Mountain View’s downtown businesses see tariffs as obstacle to staying afloat
In recent years, Mountain View’s downtown businesses have had to contend with a lot of economic uncertainty. Now they are facing the prospect of rising costs as tariffs are imposed on foreign goods. The post Mountain View’s downtown businesses see tariffs as obstacle to staying afloat appeared first on Mountain View Voice.
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