logo
New Mexico joins Oregon suit against Trump, administration to block tariffs

New Mexico joins Oregon suit against Trump, administration to block tariffs

Yahoo23-04-2025

Oregon Attorney General Dan Rayfield (right) and Arizona Attorney General Kris Mayes (left) at a town hall they hosted in Portland April 10, 2025. Nearly 200 people came to discuss concerns about President Trump's executive orders and cuts to federal agencies. The two states attorneys general are among 23 Democratic attorneys general nationwide who have sued the federal government more than a dozen times in the first three months of Trump's second term. (Alex Baumhardt/Oregon Capital Chronicle)
This is a developing story and will be updated.
Oregon is leading 11 other states in suing President Donald Trump and officials in his administration over tariffs that have touched nearly all goods imported into the U.S.
The suit, State of Oregon, et al., v. Trump, et al., was filed Wednesday by Oregon Attorney General Dan Rayfield and 11 other Democratic state attorneys general in the Court of International Trade in New York. It names Trump, the U.S. Department of Homeland Security and its leader, Kristi Noem, and U.S. Customs and Border Patrol and its leader, Peter Flores.
Rayfield plans to discuss the suit with reporters later this afternoon.
The attorneys general — from Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, New York and Vermont as well as Oregon— are challenging four of Trump's executive orders that have added a 145% tariff on most imports from China; a 25% tariff on most imports from Canada and Mexico; and a 10% tariff on most all other goods imported to the U.S. The suit also preemptively challenges Trump's plan to raise tariffs on imports from more than 40 other countries on July 9, according to a news release from the Attorney General's Office.
'When a president pushes an unlawful policy that drives up prices at the grocery store and spikes utility bills, we don't have the luxury of standing by — especially when so many Oregonians live on fixed incomes,' Rayfield said in the news release.
Rayfield and the attorneys general argue Trump is unlawfully using the International Emergency Economic Powers Act to impose tariffs that are, under Article I of the U.S. Constitution, powers granted only to Congress, not the Executive Branch. The 1977 Emergency Economic Powers Act gives the president broad latitude on financial regulation and foreign policy if a national emergency, described as an 'unusual and extraordinary threat,' is declared.
The attorneys general argue no such threat exists, and that no president before Trump has imposed tariffs based on the Emergency Economic Powers Act.
Experts estimate tariffs could raise the cost of living for the average family nationwide by more than $3,800 a year, according to a report from the Budget Lab at Yale University
Both Gov. Tina Kotek and Oregon's U.S. Sen. Ron Wyden, a Democrat, held roundtables recently with small and medium business owners to discuss the impact of tariffs.
Business leaders told Kotek April 16 they were frustrated at the speed and inconsistency with which tariffs are being issued, and some said their businesses might not survive if tariffs continue for much longer.
'We believe manufacturers our size are going to go under,' Emma Mcilroy, CEO of Portland-based clothing company Wildfang, told Kotek.
Oregon's state economist, Carl Riccadonna, joined Kotek's roundtable discussion. He has encouraged business owners to take a survey from Business Oregon, the state's economic development agency, so it can gather more information about tariff impacts.
Riccadonna said the full impact of tariffs on Oregon's economy — measured by growth of new or existing businesses, increases in hiring and decreases in inflation — likely won't be known until mid-summer.
At a roundtable with businesses held at the Port of Portland Monday, Wyden said he and Kentucky's senior U.S. Sen. Rand Paul, a Republican, would introduce legislation to end Trump's tariffs as early as next week.
Wyden described it as 'one of the most important matters I've ever been involved with in my entire life.'
'I think the stakes are that high,' he said.
'The American people will pay more at the checkout line because of these unlawful tariffs imposed by the Trump administration,' New Mexico Attorney General Raúl Torrez said in announcing the state's participation in the lawsuit. 'We were promised that prices would go down—but instead, these tariffs are driving up the cost of everyday goods for families across the country. Without a legitimate state of emergency, the President does not have the authority to unilaterally impose sweeping tariffs that hurt working Americans. Our communities should not have to shoulder the burden of bad policy decisions, and I will see this lawsuit through to ensure the American people are protected from unnecessary and unjustified financial strain.'
Oregon Capital Chronicle is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Oregon Capital Chronicle maintains editorial independence. Contact Editor Julia Shumway for questions: info@oregoncapitalchronicle.com.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Interior Department approves modifying federal coal mining project in Montana
Interior Department approves modifying federal coal mining project in Montana

UPI

time3 minutes ago

  • UPI

Interior Department approves modifying federal coal mining project in Montana

The Department of the Interior Friday announced approval of a mining plan modification for Bull Mountains coal mine in Montana. It authorizes Signal Peak Energy LLC to mine roughly 22.8 million tons of federal coal. Secretary of Interior Doug Burgum (pictured in April) touted it as an example of "energy leadership." File Photo by Ken Cedeno/UPI | License Photo June 6 (UPI) -- The Department of the Interior on Friday announced approval of a mining plan modification for Bull Mountains coal mine in Montana. It authorizes Signal Peak Energy LLC to mine roughly 22.8 million tons of federal coal. It also permits the company to mine 34.5 million tons of adjacent non-federal coal. The mine is in Musselshell and Yellowstone counties and exports coal to Japan and South Korea. "By unlocking access to coal in America, we are not only fueling jobs here at home, but we are also standing shoulder-to-shoulder with our allies abroad," Interior Secretary Doug Burgum said in a statement. The Trump administration policy of increasing fossil fuel production stands in stark contrast to Biden administration policies. In October 2024 the Biden administration announced $428 million in funding for 14 federal energy projects in small towns historically known for coal production. The Trump administration is in the process of attempting to undo that clean energy approach while doubling down on coal, oil and gas production. For the Bulls Mountain coal mine, the Interior Department said Friday it is using emergency permitting procedures to disregard normal environmental review. The Interior Department said in an April statement that the procedures reduce what would normally be "a multi-year review process down to just 28 days at most." The department asserts that the procedures using the radically shortened review process still upholds environmental standards. "The Bull Mountains project is proof that we can meet urgent energy needs, work with local communities and uphold strong environmental standards," Acting Assistant Secretary for Land and Minerals Management Adam Suess in a statement. The Interior Department said it is using "alternative arrangements" for compliance with the National Environmental Policy Act, the 1969 law requiring federal agencies to assess potential environmental effects of their decisions. According to the Interior Department, "These alternative arrangements apply both to actions not likely to have significant environmental impacts and to actions likely to have significant environmental impacts." The Trump administration is using a so-called national energy emergency declared by President Donald Trump on Jan. 20 to avoid fully complying with full environmental regulations agencies would normally have to follow. Under the alternative arrangements, companies would notify the department they want those alternative arrangements. The official responsible for reviewing the application would then "prepare a focused, concise, and timely environmental impact statement addressing the purpose and need for the proposed action, alternatives, and a brief description of environmental effects." According to the Interior Department, the Bull Mountains project is expected to generate "over $1 billion in combined local, state and county economic benefits, including wages, taxes and business activity."

BRP Inc. (DOOO): A Bull Case Theory
BRP Inc. (DOOO): A Bull Case Theory

Yahoo

time6 minutes ago

  • Yahoo

BRP Inc. (DOOO): A Bull Case Theory

We came across a bullish thesis on BRP Inc. (DOOO) on Kroker Equity Research's Substack. In this article, we will summarize the bulls' thesis on DOOO. BRP Inc. (DOOO)'s share was trading at $40.55 as of 29th May. DOOO's trailing and forward P/E were 22.68 and 10.18 respectively according to Yahoo Finance. BRP Inc. presents a compelling long-term investment case as a dominant player in the recreational powersports market with iconic brands like Ski-Doo, Sea-Doo, and Can-Am. Despite facing steep earnings decline in FY2025 after record profits in FY2024, this downturn appears cyclical rather than structural. The company proactively scaled back production to realign inventory, a decision that impacted short-term results but positions BRP well for a healthier rebound. Its diversified portfolio across seasons and product lines, coupled with a robust parts and accessories business, supports recurring revenues and reinforces its competitive moat. Strategic moves like exiting the underperforming boat segment and investing in electric powersports show management's focus on long-term profitability and innovation, potentially capturing a first-mover advantage in electrification. The company's capital allocation is shareholder-friendly, maintaining dividends and buybacks even through the downturn, reflecting management's confidence in its intrinsic value. Currently trading at low valuation multiples, BRP appears significantly undervalued relative to its normalized earnings potential. A return to historical earnings levels could drive a meaningful re-rating. While the timing of recovery remains uncertain, the brand's strong consumer resonance and the cyclical nature of the downturn suggest eventual mean reversion. Key risks include continued weakness in consumer demand, elevated dealer inventories, and macroeconomic headwinds like interest rates and fuel prices. However, for patient investors, BRP offers the chance to buy a high-quality, market-leading business at a discounted price, with upside potential as the cycle turns and management's strategic initiatives begin to pay off. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading our summary of their bullish thesis on Cisco Systems, Inc. (CSCO). BRP Inc. (DOOO) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held DOOO at the end of the first quarter which was 8 in the previous quarter. While we acknowledge the potential of DOOO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Senate Republicans revise ban on state AI regulations in bid to preserve controversial provision
Senate Republicans revise ban on state AI regulations in bid to preserve controversial provision

Yahoo

time7 minutes ago

  • Yahoo

Senate Republicans revise ban on state AI regulations in bid to preserve controversial provision

WASHINGTON (AP) — Senate Republicans have made changes to their party's sweeping tax bill in hopes of preserving a new policy that would prevent states from regulating artificial intelligence for a decade. In legislative text unveiled Thursday night, Senate Republicans proposed denying states federal funding for broadband projects if they regulate AI. That's a change from a provision in the House-passed version of the tax overhaul that simply banned any current or future AI regulations by the states for 10 years. 'These provisions fulfill the mandate given to President Trump and Congressional Republicans by the voters: to unleash America's full economic potential and keep her safe from enemies,' Sen. Ted Cruz, chairman of the Senate Commerce Committee, said in a statement announcing the changes. The proposed ban has angered state lawmakers in Democratic and Republican-led states and alarmed some digital safety advocates concerned about how AI will develop as the technology rapidly advances. But leading AI executives, including OpenAI's Sam Altman, have made the case to senators that a 'patchwork' of state AI regulations would cripple innovation. Some House Republicans are also uneasy with the provision. Rep. Marjorie Taylor Greene, R-Ga., came out against the AI regulatory moratorium in the House bill after voting for it. She said she had not read that section of the bill. 'We should be reducing federal power and preserving state power. Not the other way around,' Greene wrote on social media. Senate Republicans made their change in an attempt to follow the special process being used to pass the tax bill with a simple majority vote. To comply with those rules, any provision needs to deal primarily with the federal budget and not government policy. Republican leaders argue, essentially, that by setting conditions for states to receive certain federal appropriations — in this instance, funding for broadband internet infrastructure — they would meet the Senate's standard for using a majority vote. Cruz told reporters Thursday that he will make his case next week to Senate parliamentarian on why the revised ban satisfies the rules. The parliamentarian is the chamber's advisor on its proper rules and procedures. While the parliamentarian's ruling are not binding, senators of both parties have adhered to their findings in the past. Senators generally argue that Congress should take the lead on regulating AI but so far the two parties have been unable to broker a deal that is acceptable to Republicans' and Democrats' divergent concerns. The GOP legislation also includes significant changes to how the federal government auctions commercial spectrum ranges. Those new provisions expand the range of spectrum available for commercial use, an issue that has divided lawmakers over how to balance questions of national security alongside providing telecommunications firms access to more frequencies for commercial wireless use. Senators are aiming to pass the tax package, which extends the 2017 rate cuts and other breaks from President Donald Trump's first term along with new tax breaks and steep cuts to social programs, later this month. Matt Brown, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store