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Two dozen states on Thursday challenged President Trump’s new global tariffs, filing a lawsuit over import taxes he imposed after a stinging loss at the Supreme Court. The Democratic attorneys general and governors in the lawsuit argue that Trump is overstepping his power with planned 15% tariffs on much of the world. Trump has said the tariffs are essential to reduce America’s long-standing trade deficits. He imposed duties under Section 122 of the Trade Act of 1974 after the Supreme Court struck down tariffs he imposed last year under an emergency powers law. Section 122, which has never been invoked,…
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