Mexico Raises Tariffs on Imports from India and China

By BPN News Desk December 11, 2025

International

Mexico’s Congress has approved a new law imposing higher import tariffs on goods originating from countries without free trade agreements, including India, China, South Korea, Thailand and Indonesia. The revised tariff structure will come into effect from January 2026, with duties ranging

Business

Reliance To Realign Russian Oil Imports With India’s Guidelines

By BPN News Desk October 23, 2025

Reliance Industries Ltd. (RIL), India’s largest private refiner, has begun recalibrating its Russian crude oil imports to align with the Government of India’s latest guidelines. The decision follows new U.S. and European sanctions on major Russian oil companies. India’s Role In Russian Oil Trade India has been the biggest buyer of Russian seaborne crude this […]

Business Industry

India Makes Record Soy Oil Purchase From Argentina

By BPN News Desk September 26, 2025

India on Tuesday and Wednesday purchased 300,000 metric tons of soybean oil (soyoil) from Argentina—its largest ever two-day import. The deal follows Argentina’s move to suspend export duties on soy and related products. Duty Suspension Triggers Surge Argentina temporarily lifted taxes on soy, corn, wheat and derived goods, making their export prices more competitive. This

Business

India Imposes Silver Import Curbs To March 2026

By BPN News Desk September 25, 2025

The Government of India has changed the import policy for silver and certain silver jewellery items, making them “Restricted” instead of “Free”. This restriction will remain in place until March 31, 2026. Reason Behind the Move Officials say the change was prompted by a sharp rise in silver imports, especially from ASEAN countries like Thailand. […]

Economy National

India’s Trade Deficit Narrows to $26.49B in August

By BPN News Desk September 15, 2025

India’s merchandise trade deficit eased in August 2025 to US$ 26.49 billion, showing an improvement compared to US$ 27.35 billion in July. The narrowing gap came despite both exports and imports recording a decline, highlighting the slowdown in global trade activity as well as domestic demand pressures. Exports & Imports Decline Exports in August fell […]

International

IOC Says No Pause on Russian Oil Despite US Tariffs

By BPN News Desk August 15, 2025

Indian Oil Corporation (IOC) has confirmed that it will continue importing Russian crude, stressing that the decision is based solely on commercial considerations, not political directives. No Change in Import Policy Chairman A.S. Sahney stated that IOC has not received any government orders to either stop or increase Russian oil purchases. He explained that the […]

Uncategorized

India Denies Reports of Halting Russian Oil Imports

By BPN News Desk August 2, 2025

The Indian government has clarified that there is no official directive or confirmed report indicating a halt in crude oil imports from Russia. This comes after U.S. President Donald Trump welcomed such reports as “a good step,” suggesting India might be reconsidering its energy ties with Moscow. Government Says Oil Purchases Continue as Normal Top […]

International

US Sets 15% Tariff on South Korean Imports

By BPN News Desk July 31, 2025

The United States has finalized a new trade agreement with South Korea, introducing a 15% tariff on South Korean imports starting August 1. This tariff replaces a previously threatened 25% duty and was confirmed by President Donald Trump as part of a broader effort to rebalance trade and secure long-term economic cooperation between the two […]

International

US, Philippines Finalise Trade Deal at 19% Tariff

By BPN News Desk July 23, 2025

US President Donald Trump has announced a new trade deal with the Philippines, confirming that imports from the Southeast Asian nation will now be subjected to a 19% tariff. The agreement comes after a high-level meeting with Philippine President Ferdinand Marcos Jr. at the White House, where both leaders declared the deal a milestone in […]

International

Trump Announces 15% Tariff Deal with Japan

By BPN News Desk July 23, 2025

US President Donald Trump has announced a major trade agreement with Japan, confirming a 15% tariff on imports from the country. This move replaces an earlier proposed 25% tariff and is part of a broader effort to reset trade relations with key partners. The deal, which Trump described as “possibly the biggest ever,” is aimed […]