https://www.taxtmi.com/news?id=45039 The court ruled that invoking the International Emergency Economic Powers Act to impose broad import tariffs exceeded presidential authority, enjoined the baseline and reciprocal tariffs imposed under that emergency declaration, and left intact other tariffs enacted under separate statutory procedures. The opinion observed that the Trade Act provides a narrower, time-limited path for imposing tariffs, and stressed that the emergency-based program exceeded congressional allocation of tariff and emergency powers. en-us Thu, 29 May 2025 09:31:03 +0530 Thu, 29 May 2025 09:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45039 The court ruled that invoking the International Emergency Economic Powers Act to impose broad import tariffs exceeded presidential authority, enjoined the baseline and reciprocal tariffs imposed under that emergency declaration, and left intact other tariffs enacted under separate statutory procedures. The opinion observed that the Trade Act provides a narrower, time-limited path for imposing tariffs, and stressed that the emergency-based program exceeded congressional allocation of tariff and emergency powers. News - Thu, 29 May 2025 09:31:03 +0530 https://www.taxtmi.com/news?id=45039