Tariffs: US Chamber of Commerce may sue Trump govt - reports

The US Chamber of Commerce, the country’s most powerful corporate lobby, is considering filing a lawsuit against the administration of US President Donald Trump.

It intends to block the entry of new import tariffs from coming into force, reported Sputnik/RIA Novosti, citing Fortune magazine.

The Chamber of Commerce may claim that Trump’s use of emergency powers to impose the tariffs was illegal.

According to the publication, some of the organisation’s largest members are calling for the lawsuit. Sources also say that other organisations might join the lawsuit.

On April 2, the US president signed an executive order introducing “reciprocal” tariffs on imports from other countries, calling it a “liberation”.

The basic minimum rate will be 10 percent, and for goods from the European Union, it will be 20 percent.

The US president promised budget revenue from tariffs of US$6 trillion to US$7 trillion.

- Bernama

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