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Accountancy Slice
North America
Oregon Attorney General Dan Rayfield has initiated a federal lawsuit aimed at overturning President Donald Trump's recently-announced tariffs, saying that only Congress has the authority to impose such measures. Joined by 11 other states, the lawsuit highlights what is said to be the detrimental impact of these tariffs on Oregon's trade-dependent economy, particularly the footwear and apparel sectors that rely heavily on imports from Asia. The tariffs, which include 145% on Chinese imports and a 46% tax on goods from Vietnam, are forecast to severely burden small businesses. Rayfield's office contends that the president's unilateral power to impose tariffs disrupts the constitutional order, observing: “By claiming the authority to impose immense and ever-changing tariffs . . . the President has upended the constitutional order and brought chaos to the American economy.” The lawsuit has been filed in the U.S. Court of International Trade in New York.
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