(Bloomberg)—A group of small businesses urged the US trade court to block President Donald Trump’s “Liberation Day” global tariffs during a court hearing that could have a major impact on the Republican’s economic agenda.
Lawyers for the businesses and the Trump administration on Tuesday delivered arguments before the US Court of International Trade in Manhattan, where a panel of three judges is weighing whether to issue a nationwide injunction against the tariffs, and if so for how long.
The businesses argued that Trump invoked a bogus national emergency to justify the levies, while the Justice Department said the president’s decision shouldn’t be reviewed by the courts. The panel didn’t issue a ruling, which will come later.
The fight — which could impact trillions of dollars in global trade — comes amid a wave of legal challenges to Trump’s executive orders, which are testing the limits of presidential power on everything from…
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