Five American small businesses have filed a federal lawsuit against President Donald Trump, accusing him of abusing powers to impose trade taxes under the guise of a national emergency, despite no such emergency existing.
The companies submitted the complaint on Monday to the U.S. Court of International Trade.
The plaintiffs argue that Trump unlawfully invoked the International Emergency Economic Powers Act (IEEPA) to justify global tariffs on imports without Congressional approval or clear economic justification.
The companies pressing charges include:
V.O.S. Selections Inc., a New York wine importer sourcing from 14 countries
Genova Pipe, a Utah-based manufacturer of plumbing materials
MicroKits LLC, a Virginia startup building educational electronics
FishUSA Inc., a Pennsylvania retailer specializing in fishing gear; and
Terry Precision Cycling LLC, a Vermont brand producing women’s cycling apparel.
Each company indicates that the products they import are either unavailable in the U.S. or cannot be sourced domestically without significant delays or higher costs. The tariffs, they say, threaten their business models, margins and …Full story available on Benzinga.com
