Lawsuits filed in over 20 states across the U.S. against the U.S. government's new global tariff policy

A CCTV reporter learned on the local time of the 5th that more than 20 U.S. states announced they have filed lawsuits to block the U.S. government’s latest global tariff policy. The Democratic state attorneys general leading the lawsuits said that President Trump plans to impose a 15% tariff on most parts of the world, which they consider an overreach. On February 20, local time, the U.S. Supreme Court ruled that the Trump administration’s large-scale tariff measures implemented under the International Emergency Economic Powers Act lacked clear legal authorization. After the ruling was released, on the same day Trump, under Section 122 of the Trade Act of 1974, announced the imposition of a “global import tariff” at a rate of 10% for 150 days, to replace the tariffs that the Supreme Court found unlawful. Then on the 21st, Trump also posted on his social platform, “Truth Social,” saying he would raise the level of the 10% import tariff on global goods to 15%. It is reported that this lawsuit is led by the attorneys general of Oregon, Arizona, California, and New York. The states said that the scope of application of Section 122 is limited to specific, finite circumstances and does not grant the president the power to levy a comprehensive import tax; in addition, these tariffs will raise costs for states, businesses, and consumers. (CCTV News)