https://www.taxtmi.com/news?id=44377 Twelve states challenge the president's invocation of emergency economic powers to impose broad import tariffs, arguing the statute does not authorise tariffs for addressing a chronic trade deficit and that such a deficit is not an "unusual and extraordinary" emergency; the administration counters with historical tariff precedent and urges judicial deference under political question principles, producing multiple parallel suits and an appellate review pathway. en-us Thu, 22 May 2025 02:31:04 +0530 Thu, 22 May 2025 02:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44377 Twelve states challenge the president's invocation of emergency economic powers to impose broad import tariffs, arguing the statute does not authorise tariffs for addressing a chronic trade deficit and that such a deficit is not an "unusual and extraordinary" emergency; the administration counters with historical tariff precedent and urges judicial deference under political question principles, producing multiple parallel suits and an appellate review pathway. News - Thu, 22 May 2025 02:31:04 +0530 https://www.taxtmi.com/news?id=44377