https://www.taxtmi.com/news?id=36145 The executive branch imposed new, substantial import tariffs on major trading partners, prompting immediate retaliatory duties, expanded export controls, and targeted product lists from those partners; markets fell amid concerns about inflation, business uncertainty, and distributional impacts. The administration cited immigration, drug trafficking and the trade deficit and relied on emergency-related authority to implement and modify tariffs, drawing criticism over the use of emergency powers and potential disruption to integrated supply chains and low-income consumers. en-us Wed, 05 Mar 2025 04:01:03 +0530 Wed, 05 Mar 2025 04:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36145 The executive branch imposed new, substantial import tariffs on major trading partners, prompting immediate retaliatory duties, expanded export controls, and targeted product lists from those partners; markets fell amid concerns about inflation, business uncertainty, and distributional impacts. The administration cited immigration, drug trafficking and the trade deficit and relied on emergency-related authority to implement and modify tariffs, drawing criticism over the use of emergency powers and potential disruption to integrated supply chains and low-income consumers. News - Wed, 05 Mar 2025 04:01:03 +0530 https://www.taxtmi.com/news?id=36145