Trump sued over China tariffs

President Trump was sued Thursday over the 20 percent tariffs he imposed on Chinese goods in the weeks leading up to Wednesday’s broader announcement.

It marks the first known legal challenge against Trump’s tariffs, which have fulfilled a campaign promise and rattled financial markets.

The lawsuit contests Trump’s use of the International Emergency Economic Powers Act of 1977 (IEEPA), arguing the law authorizes asset freezes and similar economic sanctions, but not tariffs.