U.S. businesses sue to block Trump tariffs, say trade deficits are not an emergency

[Martin68]

2. This is a totally legitimate line of attack. The emergency powers thing is clearly bogus, and trade surpluses and

deficits are an entirely normal consequences of the reality of trade. US companies need foreign products to manufacture products in the US, including raw materials that the US doesn't actually have. The most significant consequence of provoking a trade war with China is that they have a lock on certain vital raw materials that US companies need to survive. Tariffs won't solve that problem. They will just exacerbate it. Trump is insanely ignorant of economics and business. His supporters bought his scam that he is a business genius, and believe he knows what he is doing. He not only doesn't know what he is doing, he is doing real damage to the US economy in the process.