00:00It's Benzinga bringing Wall Street to Main Street.
00:02Two small businesses sued the Trump administration on Monday over a new round of tariffs that impose
00:07a global 10% tax on imported goods, according to Reuters. The lawsuit was filed by spice importer
00:13Burlav and Barrel and toy company Basic Fun through the Liberty Justice Center. The companies
00:18argue that Trump cannot reimpose tariffs under a different law after the U.S. Supreme Court
00:23struck down earlier tariffs on February 20th. The lawsuit argues the administration is misreading
00:29an older trade law designed to address historical monetary issues rather than routine trade
00:34deficits. Burlap and Barrel co-founder Ethan Frisch said the tariffs raise costs for U.S. importers,
00:40disrupt partners who sell crops, and increase prices for American families.
00:45For all things money, visit Benzinga.com.
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