US Chamber of Commerce considering a lawsuit to block new Trump global tariffs

The US Chamber of Commerce is considering bringing the tariff battle to court, and some of its largest members are urging it to do so. The action could effectively provide cover for corporations who are concerned about the tariffs’ impact on their business but fearful of incurring US President Donald Trump’s wrath by openly criticizing his trade policy, per Fortune.

The Chamber might claim that Trump’s invocation of emergency powers to impose the fresh tariffs is illegal. Last week, a nonprofit called the New Civil Liberties Alliance, adopted a similar approach, filed a lawsuit on behalf of a small company owner who imports products from China, claiming that Trump lacked the legal right to impose his February tariffs on China.

Market reaction

At the time of press, the US Dollar Index (DXY) was down 0.01% on the day at 103.49.