global trade tensions Archives

Trump Hikes Steel and Aluminum Tariffs to 50%

By BPN News Desk June 4, 2025

International

In a move set to intensify global trade tensions, former U.S. President Donald Trump has announced a sharp increase in tariffs on imported steel and aluminum, raising them from 25% to 50%. The decision, part of his renewed push to revive U.S. manufacturing and protect domestic industries, has

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 […]