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You are at:Home»Business»US companies are continuing to block Trump prices
Business

US companies are continuing to block Trump prices

April 15, 2025013 Mins Read
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President Donald Trump attended a meeting from the Cabinet to the White House in Washington on April 10, 2025.

Nathan Howard | Reuters

A group of five small businesses continued the president Donald Trump Monday, seeking to block new price He imposed foreign imports In recent weeks.

The trial in the American Court of International Trade alleys that Trump illegally usurped the power of the congress to collect prices by affirming that trade deficits with others country constitute an emergency.

“The Congress has not delegated such power,” said the trial. “The status the president
invoke – the International Economic Powers Act (‘Iepaa’) – does not allow the president to unilaterally emit global prices around the world. “”

THE Liberty Justice CenterWho represents the companies operated by the owner, said Trump’s new prices at least 10% on imports Most countries and higher rates for dozens of other nations are small devastating businesses across the country.

“His claimed emergency is the fruit of his own imagination: trade deficits, which have persisted for decades without causing economic damage, are not an emergency,” said the trial.

“These trade deficits are not an” unusual and extraordinary threat “” “

The Liberty Justice Center noted that the Trump administration has imposed prices even on the countries with which the United States does not have a trade deficit, “more undergoing the justification of the administration”.

“This court should declare the unprecedented power of the illegal president, prohibit the functioning of executive actions which claims to impose these prices under the ieepa and reaffirm the founding principle of this country: there will be no taxation without representation,” indicates the trial.

Read the political coverage of CNBC

The complainants include New York Selections yourwhich imports and distributes wines, spirits and small production sakes; Fishusa In Pennsylvania, a trade of commercial and wholesale commerce creating and selling sports fishing tackles and related equipment; And Genova In UTAH, which makes plastic pipes, conduits and plumbing fittings, irrigation, drainage and electric applications.

LLC Microkits in Virginia, which manufactures educational electronic kits and musical instruments, and Terry Precision CyclingA brand of bicycle clothing for women based in Vermont, are also complainants.

“Terry Cycling has already paid $ 25,000 in unforeseen prices this year for goods for which Terry was the important of the file, and Terry plans that the prices will cost the company around $ 250,000 by the end of 2025,” said the trial.

Terry Cycling in 2026 plans “to face approximately $ 1.2 million in tariff costs – an amount that is simply not surviving for a company of its size,” said the trial.

CNBC asked for comments from the White House on the trial.

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