https://www.taxtmi.com/news?id=51307 President Trump issued an executive order imposing differentiated tariffs across numerous countries but delayed the start date by seven days to update the tariff schedule, creating uncertainty. The administration invoked emergency authority under a 1977 statute to justify imposing tariffs without congressional approval; that invocation faces appellate judicial scrutiny over its breadth. The measures set varying country-specific rates, leave some details tied to ongoing negotiations, and have raised concerns about inflationary effects, supply chain costs, corporate impacts, and retaliatory responses. en-us Fri, 01 Aug 2025 21:01:06 +0530 Fri, 01 Aug 2025 21:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51307 President Trump issued an executive order imposing differentiated tariffs across numerous countries but delayed the start date by seven days to update the tariff schedule, creating uncertainty. The administration invoked emergency authority under a 1977 statute to justify imposing tariffs without congressional approval; that invocation faces appellate judicial scrutiny over its breadth. The measures set varying country-specific rates, leave some details tied to ongoing negotiations, and have raised concerns about inflationary effects, supply chain costs, corporate impacts, and retaliatory responses. News - Fri, 01 Aug 2025 21:01:06 +0530 https://www.taxtmi.com/news?id=51307