A group of 24 states has initiated legal action against the Trump administration, challenging the legitimacy of a newly enforced 10% global tariff under Section 122 of the Trade Act of 1974.
The lawsuit was lodged at the Court of International Trade, New York, on Thursday. The Democrat-ruled states, including Oregon, California, New York, Colorado, Minnesota, North Carolina, Michigan, and others, are contesting that President Donald Trump incorrectly used a 1974 law to enforce the new tariff, after the Supreme Court dismissed a prior set of levies.
The lawsuit was filed by 22 states with Democratic attorneys general, along with Pennsylvania and Kentucky, which have Democratic governors but Republican attorneys general.
White House did not immediately respond to Benzinga’s request for comments.
Dispute Around 1974 Trade Act
The lawsuit also disputes the administration’s understanding of the 1974 law, maintaining that it was designed to permit limited tariffs to address balance-of-payment deficits in a fixed-rate exchange system, like the gold standard. It highlights that the …Full story available on Benzinga.com
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