• bitcoinBitcoin(BTC)$79,787.00-0.04%
  • Midas Fasanara Global EuroMidas Fasanara Global Euro(MGLOEURO)$111,813.00-0.36%
  • ethereumEthereum(ETH)$2,313.600.21%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$736.180.06%
  • rippleXRP(XRP)$1.302.11%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • solanaSolana(SOL)$100.02-0.36%
  • tronTRON(TRX)$0.327425-0.74%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.040.00%
  • zcashZcash(ZEC)$1,242.233.83%
  • HyperliquidHyperliquid(HYPE)$78.202.44%
  • dogecoinDogecoin(DOGE)$0.0773931.15%
  • moneroMonero(XMR)$597.002.13%
  • USDSUSDS(USDS)$1.00-0.05%
  • whitebitWhiteBIT Coin(WBT)$76.66-0.23%
  • chainlinkChainlink(LINK)$11.390.69%
  • leo-tokenLEO Token(LEO)$9.04-0.03%
  • cardanoCardano(ADA)$0.2041441.25%
  • stellarStellar(XLM)$0.1679740.13%
  • nearNEAR Protocol(NEAR)$4.480.40%
  • bitcoin-cashBitcoin Cash(BCH)$282.392.80%
  • RainRain(RAIN)$0.007144-12.56%
  • Ethena USDeEthena USDe(USDE)$1.00-0.04%
  • daiDai(DAI)$1.00-0.03%
  • uniswapUniswap(UNI)$7.082.25%
  • litecoinLitecoin(LTC)$56.540.72%
  • USD1USD1(USD1)$1.00-0.01%
  • avalanche-2Avalanche(AVAX)$8.80-0.07%
  • CantonCanton(CC)$0.097699-2.66%
  • suiSui(SUI)$0.910.84%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.220.22%
  • hedera-hashgraphHedera(HBAR)$0.0766380.25%
  • tether-goldTether Gold(XAUT)$3,996.44-0.36%
  • Global DollarGlobal Dollar(USDG)$1.00-0.02%
  • quant-networkQuant(QNT)$207.677.39%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.06%
  • BittensorBittensor(TAO)$249.390.40%
  • shiba-inuShiba Inu(SHIB)$0.0000050.83%
  • EthenaEthena(ENA)$0.2072151.26%
  • crypto-com-chainCronos(CRO)$0.053100-0.75%
  • Ripple USDRipple USD(RLUSD)$1.00-0.03%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.15-0.03%
  • okbOKB(OKB)$108.350.19%
  • MemeCoreMemeCore(M)$0.97-0.49%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • BitwayBitway(BTW)$1.39-13.91%
  • aaveAave(AAVE)$132.01-1.60%
  • OndoOndo(ONDO)$0.4103222.48%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Small businesses file lawsuit challenging Trump’s new ‘forced labor’ tariffs

July 24, 2026
in Business
Reading Time: 7 mins read
A A
Small businesses file lawsuit challenging Trump’s new ‘forced labor’ tariffs
ShareShareShareShareShare

Two US small businesses on Friday challenged President Trump’s latest round of tariffs on goods from 60 trading partners, saying that the new policy, like most of Trump’s previous tariffs, went beyond the president’s authority to tax imports.

The lawsuit, filed in the US trade court in New York, argues that the new tariffs require more detailed country-specific findings about “forced labor to be legally justified.

YOU MAY ALSO LIKE

Ben & Jerry’s founders explore deal to separate brand from owner: report

DoorDash in talks to buy Instacart in $17B deal: report

The two small businesses, backed by a nonprofit legal group that successfully sued over previous rounds of tariffs, argued that the president is trying to re-impose tariffs that were already ruled illegal by the US Supreme Court.


The two small businesses, backed by a nonprofit legal group that successfully sued over previous rounds of tariffs, argued that the president is trying to re-impose tariffs that were already ruled illegal by the US Supreme Court. AP Photo/Ng Han Guan

The ​Trump administration on Friday imposed new tariffs of 10% and 12.5% on 60 trading ‌partners, including the European Union, over allegations that they were not doing enough to stop the export of goods produced with forced labor. The new tariffs took effect just as a temporary 10% global tariff expired.

Trump has made tariffs ​a central pillar of his foreign policy, using ​them as ⁠leverage to negotiate trade deals around the globe. But the Supreme Court ruled against most of Trump’s widest-ranging tariffs on Feb. 20, finding that the International Emergency Economic Powers Act (IEEPA) does not authorize the president to unilaterally impose tariffs on trading partners.

Trump responded to that ruling by criticizing the court and imposing a new and temporary 10% global tariff under different legal authority. Those tariffs, like IEEPA tariffs, were also imposed under a section of the law that no previous president had used to impose tariffs, and they were also ruled illegal by the U.S. trade court. The Trump administration is appealing that ruling.

Friday’s tariffs were imposed under Section 301 of the Trade Act of 1974, which is meant to combat unfair or discriminatory economic practices by other nations.


Donald Trump speaking at the Environmental Protection Agency.
The ​Trump administration on Friday imposed new tariffs of 10% and 12.5% on 60 trading ‌partners, including the European Union AP Photo/Alex Brandon

Unlike IEEPA or the temporary global tariff authority, Section 301 has been used regularly by past presidents.

But the states and small businesses said in their lawsuit that Section 301 tariffs have historically been targeted to address specific nations and industries, and Trump’s broad-brush approach has no historical precedent.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Ben & Jerry’s founders explore deal to separate brand from owner: report
Business

Ben & Jerry’s founders explore deal to separate brand from owner: report

October 26, 2026
DoorDash in talks to buy Instacart in B deal: report
Business

DoorDash in talks to buy Instacart in $17B deal: report

October 26, 2026
Popular Korean supermarket slated to replace shuttered LA Amazon store
Business

Popular Korean supermarket slated to replace shuttered LA Amazon store

October 26, 2026
Apple addresses reports of cracked screens on K iPhone Duo just days after frenzied launch
Business

Apple addresses reports of cracked screens on $2K iPhone Duo just days after frenzied launch

October 26, 2026
Next Post
AI News: This New Model Has Big AI Labs Panicking!

AI News: This New Model Has Big AI Labs Panicking!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Russia ready to resume talks with Ukraine and US to end war – BBC

Russia ready to resume talks with Ukraine and US to end war – BBC

October 21, 2026
Sam Altman’s OpenAI eyes B fundraising round ahead of IPO: report

Sam Altman’s OpenAI eyes $30B fundraising round ahead of IPO: report

October 23, 2026
AI and the cognitive confidence trap

AI and the cognitive confidence trap

October 22, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!