India penalty...
Financial Express Chandigarh
|September 05, 2025
It says that due to IEEPA tariffs, six major trading partners and the 27-nation European Union have already entered into framework deals with the United States, accepting tariff arrangements heavily recalibrated in America's favour and agreeing to make approximately US$ 2 trillion of purchases and investment in the US economy.
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Last week, the US Court of Appeals for the Federal Circuit in Washington, in a 7-to-4 ruling, said the sweeping tariffs imposed by Trump on countries around the world are illegal, but also gave the administration time till October 14 to file a petition for a writ of certiorari in the Supreme Court, which the Trump administration did on Wednesday.
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