https://www.taxtmi.com/news?id=43611 Presidential invocation of emergency economic powers to impose broad import tariffs is contested by businesses and states asserting the statute does not authorize tariffs and that chronic trade deficits are not an emergency. Litigation before the trade court focuses on statutory scope, executive discretion in trade policymaking, and separation-of-powers concerns stemming from congressional delegation of tariff authority, with appeals and potential legislative remedies anticipated. en-us Tue, 13 May 2025 19:46:03 +0530 Tue, 13 May 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43611 Presidential invocation of emergency economic powers to impose broad import tariffs is contested by businesses and states asserting the statute does not authorize tariffs and that chronic trade deficits are not an emergency. Litigation before the trade court focuses on statutory scope, executive discretion in trade policymaking, and separation-of-powers concerns stemming from congressional delegation of tariff authority, with appeals and potential legislative remedies anticipated. News - Tue, 13 May 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=43611