https://www.taxtmi.com/news?id=51782 The President has imposed broad, tiered import tariffs on goods from more than sixty trading partners and the EU, framed as a means to reduce the trade deficit and attract domestic investment. Economic data since the initial tariff announcements indicate slowing hiring, rising inflationary pressure, reduced construction spending and downward pressure on real wages, while importers accelerated purchases to avoid duties. The administration invoked a 1977 law declaring an economic emergency to justify the measures, a legal basis currently contested on appeal. en-us Thu, 07 Aug 2025 10:31:03 +0530 Thu, 07 Aug 2025 10:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51782 The President has imposed broad, tiered import tariffs on goods from more than sixty trading partners and the EU, framed as a means to reduce the trade deficit and attract domestic investment. Economic data since the initial tariff announcements indicate slowing hiring, rising inflationary pressure, reduced construction spending and downward pressure on real wages, while importers accelerated purchases to avoid duties. The administration invoked a 1977 law declaring an economic emergency to justify the measures, a legal basis currently contested on appeal. News - Thu, 07 Aug 2025 10:31:03 +0530 https://www.taxtmi.com/news?id=51782