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trade deficits

Shipping containers are stacked up at the port of Oakland following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs, in Oakland, California, U.S., February 24, 2026. REUTERS/Carlos Barria TPX IMAGES OF THE DAY
Mar 5, 2026

24 states, including Virginia, announce lawsuit to stop Trump’s latest global tariffs

A coalition of 24 US states filed a lawsuit challenging President Trump's new 10% global tariffs, arguing they exceed legal authority under the Trade Act of 1974.

A container ship is moored at the port of the port of New York & New Jersey in Elizabeth, N.J., Monday May 12, 2025. (AP Photo/Matt Rourke)
May 13, 2025

Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power

Trump's sweeping tariffs under emergency powers face lawsuits from states and businesses arguing he overstepped constitutional authority on trade.

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