In imposing the tariffs, the president declared a national emergency, citing the illegal drugs that China, Mexico, and Canada are allegedly allowing to flow into the US. “The tariffs are also not designed to ‘deal with’ the purported emergencies, because they are intended, at least in part, to raise revenue,” the lawsuit says, later adding: “President Trump has chosen to wield IEEPA to impose tariffs on the world at his whim, muddled by threats, additions, exceptions, exemptions, and pauses. In the meantime, the president has signaled he’s ready to de-escalate his trade war with China as the tariffs disrupt the stock market and the supply chain.
Author: Michael Kan
Published at: 2025-04-23 22:44:02
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