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States sue Trump in what many are calling a pretty significant legal battle that just launched on Wednesday at the United States Court of International Trade. Twelve states have actually come together to challenge what they’re describing as unlawful tariff policies that are currently causing economic turmoil across America. The states sue Trump specifically over his use of the International Emergency Economic Powers Act to impose tariffs, which they believe and argue exceeds presidential authority. Also Read: JP Morgan Predicts When Gold Prices Will Reach $4,000 Why States Are Suing Trump Over Tariffs And What It Means For You Source: CNN Legal Challenge Unfolds States sue Trump through a coalition of attorneys general from Oregon, Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, New York, and Vermont. The tariff lawsuit argues that Trump’s trade war essentially violates constitutional principles by taking over powers that are actuall...

The ASEAN bloc is now actively working on ways to move away from the US dollar. This development entails ASEAN nations collectively curating their own currency system, which is set to rival the US dollar’s growing prestige. However, as easy as it sounds, with the USD’s reputation as a global reserve currency, it might be harder for the bloc to embrace a new currency without encountering certain negative implications. Thailand, an export-based economy, has relied on the US dollar for holistic trade. If the bloc ditches the dollar, the nation can suffer international severe trade and commerce complications. Also Read: ASEAN: Malaysia Advances De-Dollarization Agenda Ditching the US Dollar: Is That a Good Idea? Thailand had expressed its desire to reduce its dependence on the US dollar. To explain it further, the nation reiterated how it expects to reduce its reliance on USD, mainly in intra-regional trade payments. At the same time, the news of the ASEAN bloc working in sync to form...