International

China Rejects U.S. Tariff Threats, Vows Firm Retaliation

By BPN News Desk April 8, 2025

In a significant escalation of trade tensions, China has strongly condemned U.S. President Donald Trump’s threat to impose an additional 50% tariff on Chinese imports, labeling the move as “a mistake on top of a mistake” and a form of “unilateral bullying.” The Chinese government has vowed to “fight to the end” and implement

International

Potential Influx of Chinese Imports into India Amid Global Trade Shifts

By BPN News Desk April 7, 2025

India is preparing for a significant influx of Chinese imports, estimated at approximately $40 billion, due to escalating global trade tensions. As the United States imposes higher tariffs on Chinese goods, China seeks alternative markets to redirect its exports, positioning India as a primary destination. This shift could lead to an oversupply of Chinese products […]

International

India’s Strategic Position Amidst U.S. Reciprocal Tariffs

By BPN News Desk April 7, 2025

India has positioned itself strategically in response to the new reciprocal tariff regime imposed by the United States, managing to avoid significant disruption while exploring new trade avenues. Despite the 26% tariff imposed on Indian exports, the country finds itself in a relatively favorable position compared to other major economies such as China, which faces […]

International

Donald Trump Defends Sweeping Tariffs Amid Global Economic Concerns

By BPN News Desk April 7, 2025

Former U.S. President Donald Trump has firmly defended his administration’s aggressive tariff policy, calling the sweeping import duties a “beautiful thing,” even as global markets reel and recession fears intensify. His comments come in the wake of widespread criticism and economic uncertainty triggered by the escalating trade war. Speaking to reporters aboard

International

China and Brazil to Settle Trade in Local Currencies

By BPN News Desk April 7, 2025

China and Brazil have officially decided to conduct their bilateral trade using their respective local currencies—the Chinese yuan and the Brazilian real. This significant policy shift is aimed at reducing dependence on the US dollar and enhancing financial sovereignty between the two BRICS nations. Brazilian officials have confirmed that trade settlements in local

International

Saudi Arabia Temporarily Suspends Visas for 14 Countries, Including India, to Ensure Hajj Safety

By BPN News Desk April 7, 2025

In a move aimed at ensuring the safety and management of this year’s Hajj pilgrimage, Saudi Arabia has temporarily suspended the issuance of Umrah, business, and family visit visas for citizens from 14 countries, including India, Pakistan, and Bangladesh. The decision is effective immediately and will remain in place until mid-June 2025, coinciding with the […]

International

Sri Lanka Releases 14 Indian Fishermen Following Diplomatic Discussions

By BPN News Desk April 7, 2025

Sri Lanka has released 14 Indian fishermen who were detained for allegedly entering Sri Lankan waters, following sustained diplomatic efforts by India. The release comes after a renewed push from Prime Minister Narendra Modi advocating a more humane and collaborative approach to addressing recurring maritime issues between the two nations. The fishermen, who belong to […]

International

President Trump Urges Americans to ‘Hang Tough’ Amid New Tariffs

By BPN News Desk April 6, 2025

President Donald Trump has asked Americans to remain resilient as sweeping new tariffs take effect under his administration’s trade overhaul. Framing the move as part of an “economic revolution,” Trump insisted that the temporary discomfort caused by these measures would ultimately benefit the nation by restoring manufacturing strength and correcting trade imbalances. On

International

Germany Considers Repatriating Gold Reserves Amid Policy Concerns in U.S.

By BPN News Desk April 6, 2025

Germany is seriously weighing the prospect of moving a large share of its gold reserves out of the United States amid rising concerns over the unpredictability of U.S. economic and political policies. Nearly 1,200 tonnes of German gold—around 30% of its total reserves—are currently held in the vaults of the U.S. Federal Reserve in New […]

International

JPMorgan Forecasts U.S. Recession by End of 2025 Due to New Tariffs

By BPN News Desk April 5, 2025

JPMorgan Chase & Co. has predicted that the United States could enter a recession by the end of 2025, attributing this economic forecast to the impact of a sweeping new tariff policy introduced by former President Donald Trump. The proposal includes a blanket 10% tariff on all imports and significantly higher levies for countries with […]