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Verilumia

The Daily Verified Briefing

Markets

Two US firms sue Trump administration over new tariffs

Published 24 July 2026

Two small American businesses filed a lawsuit on July 24, 2026, challenging the Trump administration's latest round of sweeping tariffs, which took effect that same day. The legal action, filed in the U.S. Court of International Trade in New York, targets new duties of 10 percent and 12.

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