Trump's tariffs go to court: 'They have yet to make a case for why this actually works'

Trade War & Tariffs - The Trump administration's tariff authority is facing legal challenges, with arguments presented before a federal appeals court questioning the necessity of congressional approval for imposing tariffs [1] - The lawsuit argues that tariffs imposed by President Trump represent the largest tax increase on Americans since 1993, costing the average American household $1,300 per year [1] - The administration defends the tariffs by citing the large trade deficit as an emergency, but the executive order mentions persistent trade deficits over the past 50 years, potentially undermining the emergency claim [1] - A lawyer argues that historically, no president has unilaterally imposed tariffs in the manner that President Trump has [3] - Congress has granted the president limited power to increase tariffs by 15% for 150 days in response to large trade deficits, but Trump bypassed this statute [4] Impact on Businesses - Small businesses are claiming that the tariffs are crippling them, with one company, Micro Kits, canceling orders and facing potential payroll issues [5] - Reshoring manufacturing to the US to avoid tariffs is projected to cost trillions of dollars and potentially take decades [7]