US Small Businesses File Lawsuit Challenging Trump Administration's New Tariffs on 60 Trading Partners

Two U.S. small businesses have filed a lawsuit challenging the Trump administration's latest tariffs, which impose new duties of 10% and 12.5% on goods from 60 trading partners. The lawsuit argues that these tariffs, implemented on Friday, July 24, 2026, exceed presidential authority. The new tariffs replaced a temporary 10% global tariff that had expired.