
"Nintendo filed a lawsuit in the U.S. Court of International Trade, comes after a Supreme Court decision struck down the tariffs that the president imposed under IEEPA, arguing that he exceeded his authority. More than a thousand other companies have already sued for refunds on the tariffs that they pay; according to Nintendo's complaint, these tariffs have resulted in the collection of over $200 billion on imports in total."
"In response to the Supreme Court's decision - which he called 'extraordinarily anti-American' - President Trump raised tariffs from 10% to 15%. Now, twenty-four states have sued to argue that the president has once again overstepped the limits of his power by making this change."
Nintendo filed a lawsuit in the U.S. Court of International Trade seeking refunds for tariffs paid under President Trump's executive orders invoking the International Emergency Economic Powers Act. This action follows a Supreme Court decision that invalidated these tariffs, determining the president exceeded his authority. Over a thousand companies have similarly sued for tariff refunds, with total collections exceeding $200 billion on imports. In response to the Supreme Court ruling, Trump increased tariffs from 10% to 15%, prompting twenty-four states to file lawsuits challenging this action as another presidential overreach of power.
Read at TechCrunch
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