https://www.taxtmi.com/news?id=51057 The article focuses on plaintiffs' challenges to the President's invocation of the International Emergency Economic Powers Act to impose broad tariffs, arguing that a longstanding trade deficit is not an "unusual and extraordinary" emergency authorising such measures; a specialised federal court held the emergency-based tariffs exceeded statutory authority and found certain tariffs did not "deal with" the problems they purported to address, while the administration invokes historical precedents and continues to collect the tariffs pending appeal. en-us Thu, 31 Jul 2025 10:16:03 +0530 Thu, 31 Jul 2025 10:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51057 The article focuses on plaintiffs' challenges to the President's invocation of the International Emergency Economic Powers Act to impose broad tariffs, arguing that a longstanding trade deficit is not an "unusual and extraordinary" emergency authorising such measures; a specialised federal court held the emergency-based tariffs exceeded statutory authority and found certain tariffs did not "deal with" the problems they purported to address, while the administration invokes historical precedents and continues to collect the tariffs pending appeal. News - Thu, 31 Jul 2025 10:16:03 +0530 https://www.taxtmi.com/news?id=51057