US federal court hears new case against Trump tariffs | Business and Economy News

A three-judge panel of the US Court of International Trade is hearing arguments to overturn President Donald Trump’s new 10 percent global import tariffs. The case, brought by a group of 24 states and two small businesses, argues that these tariffs are based on outdated authority and do not address routine trade deficits. The administration maintains that the tariffs are legal and necessary to address a persistent trade deficit caused by imports exceeding exports. President Trump has asserted sweeping authority to issue tariffs without congressional input.