<h1>New tariffs on imports from 68 countries delayed to update rates under national emergency law, sparking legal challenges</h1> The administration announced new tariffs on imports from 68 countries and the European Union, delaying their effective date by one week to update the tariff schedule. The tariffs, imposed under a declared national emergency using a 1977 law, face legal challenges questioning the president's authority to bypass congressional approval. The tariffs vary by country, with some rates increasing and others decreasing, and baseline tariffs set at 10% for unlisted nations. Trade negotiations with several countries led to some agreements, though details remain vague. The tariffs aim to reduce the trade deficit and boost domestic manufacturing but risk increasing inflation and harming economic growth. Federal judges expressed skepticism about the emergency declaration's scope, and the case may reach the Supreme Court. The tariffs have already impacted businesses financially, and inflation indicators suggest rising consumer prices, complicating monetary policy decisions.