Attorneys General Sue Over Trump's New Tariffs
Santa Fe News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New Mexico Attorney General Raúl Torrez joins 24 states in suing over President Trumps new 10% tariff on most imported goods, arguing the administration misuses Section 122 of the Trade Act of 1974. The coalition aims to protect businesses and consumers from uncertainty and price hikes, as a Federal Reserve study shows costs mainly hit U.S. companies and shoppers. Treasury Secretary Scott Bessent hints at raising the rate to 15%, the max under the law, while companies seek refunds on over $100 billion in prior tariffs.
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