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Businesses claim tariff overreach
- Court of International Trade will hear lawsuits challenging President Donald Trump's Section 301 tariffs on Wednesday in New York City.
- Small businesses argue tariffs exceed the 1974 Trade Act’s intent, citing Court’s 6-3 February ruling that president cannot invoke IEPA for “Liberation Day” tariffs.
- Justice Department said tariffs’ timing reflects priorities and complies with the 1974 Trade Act.
- President Donald Trump announced a $15 billion Iowa steel mill could create 1,750 jobs.
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