States led by New York sue to block Trump’s latest tariffs, calling them an illegal end-run around Supreme Court

Key Points

New York AG Letitia James and other state prosecutors sued to block Trump’s new tariffs and demand refunds after the Supreme Court struck down his previous IEEPA tariffs.
The lawsuit says Trump is misusing Section 122 of the Trade Act of 1974 and violating the Constitution and statutory rules requiring consistent tariff application.
The move follows the Supreme Court defeat of Trump’s original tariffs and comes amid prior legal conflicts between Trump and James, whose federal indictment was dismissed and not revived.

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U.S.-Iran war exposes big market concentration risk. It isn’t in S&P 500 stocks

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