Tariff Legal Challenges and Revenue Shortfall
Third Section 301 tariff attempt faces lawsuit from small businesses, with revenue analysis showing it replaces less than 60% of lost IEEPA revenue. Legal challenge mirrors earlier successful arguments; fiscal gap worsens debt trajectory. New: Trump uses forced-labor justification for new tariffs under Section 301 — critics see end-run around Congress after SCOTUS struck down worldwide tariffs; lack of transparent evidence weakens credibility.
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Updated Jul 27, 2026