New York is taking the Trump administration to court once again, this time over tariffs. The Empire State is among some two dozen states challenging President Donald Trump’s new global tariffs following a stinging loss by the Supreme Court over those issued under the International Emergency Eco nomics Powers Act (IEEPA). The lawsuit is being lead by New York, Arizona, California and Oregon. The Democratic attorneys general leading the suit argue that Trump is overstepping his power with planned 15% tariffs on much of the world. Trump has said the tariffs are essential to reduce America’s longstanding trade deficits. He imposed duties under Section 122 of the Trade Act of 1974 after the Supreme Court struck down tariffs he imposed last year under an emergency powers law. Section 122, which has never been invoked, allows the president to impose tariffs of up to 15%, though they’re limited to five months unless extended by Congress. The states argue that Section 122 was intended to be used only in specific, limited circumstances and does not give Trump authority to impose sweeping import taxes. It also contends the tariffs will drive up costs for states, businesses and consumers. On Wednesday, a federal judge in New York ruled that companies are due refunds for paying tariffs imposed last year by President Donald Trump under the 1977 International Emergency Economics Powers Act (IEEPA). It’s estimated the federal government collected more than $130 billion in the now-defunct tariffs through mid-December. This story uses functionality that may not work in our app. Click here to open the story in your web browser. ...read more read less