Twenty-Five States Sue Trump Over Illegal New Tariffs

Donald Trump faces a coalition of twenty-five U.S. states that filed a lawsuit on Monday alleging that new tariffs on the European Union and 59 other countries are an illegal pretext. New York Attorney General Letitia James led the suit, arguing the administration is attempting to replace taxes previously struck down by the Supreme Court.

Parallel legal developments include court filings from Capital One Financial Corp disclosing that the bank closed Trump's accounts in 2021 following an analysis by its anti-money laundering team. Additionally, Attorney General nominee Todd Blanche rescinded a $1.8 billion ally compensation fund to secure his confirmation, while maintaining a retroactive tax audit immunity plan for Trump and the Trump Organization.

On the global stage, Trump declared that current negotiations with Tehran represent the last chance for Iran to avoid escalated U.S. military strikes. Domestically, he criticized U.S. Attorney Jeanine Pirro for dropping vandalism charges related to the Lincoln Memorial Reflecting Pool.