Skip to Content Facebook Feature Image

US small businesses sue over Trump Administration's tariff policies

China

Video Player is loading.
Current Time 0:00
Duration -:-
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
Â
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
      China

      China

      US small businesses sue over Trump Administration's tariff policies

      2025-04-17 15:26 Last Updated At:15:37

      Several U.S. small businesses filed a lawsuit against the government in the U.S. Court of International Trade on Monday, arguing that the presidential administration lacks the authority to impose broad tariffs without congressional approval.

      The litigation was initiated by the Liberty Justice Center, a non-profit, non-partisan litigation organization, on behalf of five small U.S. firms, according to reports. They are seeking to block the government's tariff measures under the International Emergency Economic Powers Act (IEEPA).

      The center contends that the U.S. trade deficit, which has existed for decades, does not constitute an emergency or an unusual threat. Moreover, it asserts that IEEPA does not authorize the president to implement comprehensive tariff measures, and there is no provision in the act that grants the power to levy tariffs at all.

      The businesses involved in the lawsuit claim to have suffered severe damage from the additional tariffs. One of the companies stated that it has already paid an extra 25,000 U.S. dollars in tariffs for imported goods this year, and is projected to face 1.2 million U.S. dollars in tariff costs in 2026, making it difficult for the business to survive.

      On April 2, U.S. President Donald Trump signed an executive order invoking IEEPA to impose so-called reciprocal tariffs on global trading partners, a move that has sparked strong discontent both domestically and internationally, as well as causing significant turmoil in financial markets.

      US small businesses sue over Trump Administration's tariff policies

      US small businesses sue over Trump Administration's tariff policies

      Next Article

      US interest in Ukraine's critical minerals draws public backlash

      2025-05-01 22:13 Last Updated At:22:37

      A deal to give the United States exclusive access to Ukraine's mineral resources has sparked contention among Ukrainian experts, who have described earlier drafts of the agreement as "unacceptable" and "colonial."

      As the war between Ukraine and Russia is showing signs of winding down, another battle is quietly unfolding beneath Ukrainian soil, with competitors eying Ukraine's vast reserves of critical minerals.

      The United States and Ukraine have signed an agreement to establish the U.S.-Ukraine Reconstruction Investment Fund, the U.S. Treasury Department announced on Wednesday.

      For some, the minerals deal with the United States offers a lifeline for Kiev's war-torn economy. For others, it signals the quiet start of a resource takeover, raising concerns about what Ukraine may be giving away in exchange for support.

      Ukraine is rich in critical resources such as graphite, lithium, and titanium. All these are vital to electric vehicles, the aerospace industry, and the high-tech supply chain.

      At a graphite quarry roughly 400 km south from Kiev, capital of Ukraine, the roads give way to deep ruts and scattered debris, which means the mine site falls short of normal operation in wartime.

      According to Ukraine's geological survey, the country holds 22 of the 50 strategic materials identified by the U.S. as critical.

      As the global race for these resources intensifies, Washington is eager to secure reliable access. Ukraine, desperate for investment for reconstruction, has opened its doors. However, according to experts, the negotiations have been tense.

      "When we had the first draft of this agreement, it was absolutely awful, absolutely unacceptable for Ukraine. It was also like a colonial agreement," said Volodymyr Landa, senior economist at the Center of Economic Strategy of Ukraine.

      The country's mining sector is in dire need of foreign capital. At one of Ukraine's largest graphite deposits, infrastructure is minimal, with a few dogs, a guard, and an elderly tractor driver.

      A Lviv-based mine owner said water pipes freeze over in winter, bringing operations to a halt. More importantly, the war has drained both labor and funding.

      "If the Ukrainian government presents it for free, for 50 years with free rent, our resources will lose from that," said Ostap Kostiuk, CEO of Zavallivskyi Graphite, located in the Kirovohrad region.

      Following a tense and reportedly humiliating visit to Washington in March, Ukrainian President Volodymyr Zelensky appears to have softened his stance on a minerals deal he once said he would never sign. The move has triggered public outcry at home.

      "Now they (the U.S.) say 'give me money, no, lithium' for the guarantees. It's not fair, I think," said a local resident.

      "I definitely started to respect America less. He (Trump) is not interested in Ukraine actually ending the war," another added.

      This graphite deposit represents only a fraction of Ukraine's untapped potential. An estimated 30 percent of its critical minerals have already been extracted. The other 70 percent, still buried across vast swathes of the country, is what many believe Washington is ultimately eying.

      "Please do everything to make this peace closer to us, closer to people, closer to Ukrainians. Because every day, every hour, every minute, it costs our Ukrainian nation one to five Ukrainian best guys' lives," said Kostiuk.

      In the view of Professor Valeriy Pekar, a business scholar in Kyiv and Lviv, the Trump administration is not actually interested in securing peace for Ukraine.

      "To take control of our resources, it is necessary to end the war. The American leadership declares themselves great peacemakers, but what they really do is not peacemaking. It's war mongering," he said.

      US interest in Ukraine's critical minerals draws public backlash

      US interest in Ukraine's critical minerals draws public backlash

      Recommended Articles
      Hot · Posts