International

EU Proposes 25% Counter-Tariffs on U.S. Goods Amid Escalating Trade Tensions

By BPN News Desk April 8, 2025

In response to President Donald Trump’s recent implementation of “reciprocal tariffs,” the European Commission has proposed counter-tariffs of 25% on a range of U.S. goods. This measure aims to counteract the U.S. tariffs imposed on steel and aluminum imports. Details of Proposed Tariffs The European Commission’s proposal targets various products,

International

Goldman Sachs Raises U.S. Recession Risk to 45% Amid Trade War Concerns

By BPN News Desk April 8, 2025

Goldman Sachs has elevated its forecast for the likelihood of a U.S. recession within the next 12 months to 45%, up from the previous estimate of 35%. This adjustment comes amid growing concerns over President Donald Trump’s proposed tariffs and their potential disruptive effects on the global economy. Impact of Proposed Tariffs The Trump administration’s […]

International

US Initiates Direct Nuclear Talks with Iran Amidst Rising Tensions

By BPN News Desk April 8, 2025

In a surprising development, President Donald Trump announced that the United States has commenced direct negotiations with Iran concerning its nuclear program. The high-level discussions are scheduled to begin Saturday in Oman, aiming to address longstanding concerns over Iran’s nuclear ambitions. Contrasting Accounts of the Negotiations President Trump referred to

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 […]