BlockBeats News, April 16, the office of California Governor Newsom issued a statement regarding Trump's tariff measures, stating that the state will file a lawsuit to seek to stop Trump's tariff policy. California's major industries, from Silicon Valley to agriculture, rely heavily on global trade, and could lose billions of dollars due to tariffs. Newsom stated in the declaration: "President Trump's illegal tariff measures are causing chaos for California families, businesses, and our economy—raising prices and threatening jobs."
Since Trump's re-inauguration as president in January of this year, this lawsuit is Newsom's most direct legal challenge to Trump's policy agenda. Newsom's argument targets the International Emergency Economic Powers Act, as Trump is relying on this act to impose tariffs without congressional approval. This Democrat believes that under this law, Trump does not have the authority to impose tariffs, a view consistent with a similar lawsuit filed by a group of U.S. companies on Monday. (FXStreet)
