Tharoor Warns US Tariffs Could ‘Destroy’ India‑US Trade

By BPN News Desk July 31, 2025

National

Senior Congress MP Shashi Tharoor called the U.S. decision to impose a 25% tariff plus a penalty on transactions involving Russian oil or arms a “very serious matter” for India. He warned that the effective trade duty could climb as high as 35–45%, or, if a 100% penalty is applied,

Business Trade

India’s Rice Exports Expected to Withstand US Tariff

By BPN News Desk July 31, 2025

The Indian Rice Exporters Federation (IREF) has stated that the recently announced 25% U.S. tariff on Indian rice imports, effective August 1, is unlikely to cause major disruption. The industry considers it a short-term hurdle and expects exports to remain largely stable due to India’s pricing advantage and established global position. U.S. Not a Major […]

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, Pakistan Strike Trade Deal on Oil Reserves

By BPN News Desk July 31, 2025

U.S. President Donald Trump announced a new trade deal with Pakistan on July 30, 2025, focused on developing Pakistan’s oil reserves. The agreement includes collaboration with an American firm that will help explore and manage untapped energy assets in Pakistan. Trump also suggested that oil produced under this project could be exported to neighboring countries, […]

Business Markets

Markets Slump as Trump Slaps 25% Tariff on India

By BPN News Desk July 30, 2025

Indian stock markets declined after U.S. President Donald Trump announced a 25% tariff on imports from India starting August 1. The new trade measure, coupled with a penalty for India’s continued energy and defense ties with Russia, has triggered investor caution across sectors. Sensex and Nifty See Mixed Movement On July 29, the Sensex dropped […]

Business Trade

Trump Slaps 25% Tariff and Penalty Tax on India

By BPN News Desk July 30, 2025

President Donald Trump announced on July 30 that the United States will implement a 25% tariff on all goods imported from India starting August 1. Alongside the tariff, a penalty tax will also be imposed due to India’s continued defense and energy trade with Russia. India’s Russia Ties Cited as Key Factor Trump stated that […]

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 […]

National

PM Modi to Sign Landmark India‑UK Trade Deal

By BPN News Desk July 23, 2025

Prime Minister Narendra Modi is scheduled to visit the United Kingdom on July 23 and 24, 2025, in a significant diplomatic move that will see the signing of a long-awaited Free Trade Agreement (FTA) between India and the UK. The agreement, expected to be signed on July 24 by Commerce Minister Piyush Goyal and his […]

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 […]

International

US Threatens 25% Tariff on South Korea

By BPN News Desk July 21, 2025

The United States has warned that a 25% tariff on key South Korean exports will come into effect on August 1 unless a new trade agreement is reached. The move is part of Washington’s renewed push to renegotiate economic terms with key allies, reigniting trade tensions between the two countries. Seoul Races to Avoid Economic […]