Small Businesses File Lawsuit Challenging New Tariffs

Why it matters locally: New Mexico's economy includes various small businesses that import goods, and these new tariffs could increase costs for consumers and businesses alike. Industries reliant on imported materials or products may see their operating expenses rise.

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WASHINGTON D.C. — A collection of small businesses filed a lawsuit on Friday against the Trump administration. The legal action addresses the administration's latest round of tariffs, which apply to goods from 60 U.S. trade partners. The tariffs took effect on Thursday, the day before the businesses filed their complaint. The lawsuit seeks to halt the enforcement of these new import duties.