- New York Attorney General Letitia James and over 20 Democratic-led states are suing President Trump to block his recently imposed global tariffs.
- This lawsuit comes after the Supreme Court struck down Trump's previous sweeping tariffs, which were imposed under the International Emergency Economic Powers Act.
- Following the Supreme Court's decision, Trump swiftly raised worldwide tariffs to 15 percent, citing Section 122 of the Trade Act of 1974, a move states argue is similarly illegal.
- States contend that Trump's tariffs unlawfully raise taxes on consumers and small businesses, leading to increased living costs.
- Trump's use of tariffs has been a central part of his economic agenda, previously causing global market disruptions and prompting numerous businesses to file complaints seeking reimbursements for increased costs.
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