Business Trade

U.S. Imposes 26% Tariff on Indian Imports Amid Trade Tensions

By BPN News Desk April 3, 2025

The United States has announced a 26% tariff on imports from India, a move that intensifies trade tensions between the two nations. This decision is part of a broader strategy by the U.S. administration to address trade imbalances and protect domestic industries.​ Background of the Tariff Decision The U.S. administration has been implementing a series […]

Business Trade

India Imposes Anti-Dumping Duties on Four Chinese Products

By BPN News Desk March 23, 2025

India has announced the imposition of anti-dumping duties on four Chinese products to safeguard local manufacturers from the adverse effects of cheap imports. The move comes after detailed investigations confirmed that the goods were being dumped into the Indian market at prices below fair market value, harming domestic producers. The Ministry of Finance has formalized

Trade

Reliance Industries Exports €724 Million Worth of Fuel Refined from Russian Crude to U.S.

By BPN News Desk March 19, 2025

Reliance Industries Ltd, led by Mukesh Ambani, reportedly exported fuel worth approximately €724 million (₹6,850 crore) to the United States over a one-year period, with the fuel refined from Russian crude oil. According to a report by the Centre for Research on Energy and Clean Air (CREA), from January 2024 to January 2025, the U.S. […]

Business Trade

India Seeks Reciprocity in EU Free Trade Agreement Negotiations

By BPN News Desk March 17, 2025

India is advocating for reciprocal trade concessions in its ongoing Free Trade Agreement (FTA) negotiations with the European Union (EU), particularly concerning non-tariff barriers that limit Indian exports. The government aims to ensure that trade benefits are balanced, especially in sectors like medical devices, where regulatory challenges have hindered market access.

Business Trade

Govt Urges Industry to Shift Sourcing from China to US

By BPN News Desk March 14, 2025

The Indian government has advised domestic industries to reduce their dependence on Chinese imports and explore alternative sourcing from the United States. This move comes in response to growing concerns over trade tariffs and geopolitical uncertainties that may impact India’s supply chain. India Encourages Diversification of Imports Officials have urged key industry

Trade

White House Criticizes India’s High Tariffs on American Goods

By BPN News Desk March 12, 2025

The White House has criticized India’s high tariffs on American products, highlighting a 150% duty on alcohol and a 100% tariff on agricultural goods. White House Press Secretary Karoline Leavitt emphasized that such steep tariffs hinder U.S. exports, particularly affecting industries like Kentucky bourbon. In response to escalating trade tensions, India recently

Trade

U.S. Tariffs to Hit Indian Pharma Sector; Auto Industry Faces Minimal Impact

By BPN News Desk March 10, 2025

The U.S. plan to impose reciprocal tariffs could significantly affect Indian pharmaceutical exports due to increased costs, while India’s automotive sector is expected to remain largely unaffected.

Trade

India Imposes Anti-Dumping Duty on Water Treatment Chemical Imports from China and Japan

By Editor - News Desk March 10, 2025

To protect domestic manufacturers, India has levied an anti-dumping duty of up to $986 per tonne on imports of trichloroisocyanuric acid (TCCA) from China and Japan for five years. This measure aims to counteract unfair pricing and support the local chemical industry.

Trade

India Pursues Equitable Trade Agreement with U.S., Emphasizes National Interests

By BPN News Desk March 9, 2025

India seeks a balanced trade agreement with the U.S., aiming to double bilateral trade to $500 billion by 2030, while prioritizing national economic interests amid discussions on tariff reductions and reciprocal measures.

Trade

China Imposes Retaliatory Tariffs on Canadian Agricultural Products

By BPN News Desk March 9, 2025

In response to Canada's tariffs on Chinese goods, China announces new tariffs on Canadian agricultural products, including rapeseed oil and pork, effective March 20, 2025.