$CSPX (+0.77%)
$CSNDX (+0.93%)
$EXI2 (+0.56%)
$IWDA (+0.73%)
$EIMI (+0.14%)
A dozen states filed suit against President Donald Trump and his administration on Wednesday, seeking an injunction declaring the new tariffs on foreign imports illegal.
- The president does not have the power to raise taxes on a whim, but that's exactly what President Trump has been doing with these tariffs," New York Attorney General Letitia James said in a statement on the lawsuit.
- The suit was filed in the U.S. Court of International Trade.
- Since taking office, Trump has issued a series of executive orders imposing a range of tariffs on foreign imports, including a 145% tariff on products made in China.
