Dan Mangan, CNBC
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A group of five small businesses sued President Donald Trump on Monday, seeking to block new tariffs he has imposed on foreign imports in recent weeks.
The lawsuit in the U.S. Court of International Trade alleges that Trump has illegally usurped Congress' power to levy tariffs by claiming that trade deficits with other countries constitute an emergency.
"Congress has not delegated any such power," the suit says. "The statute the Presidentinvokes — the International Emergency Economic Powers Act ('IEEPA') — does not authorize the President to...
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