India-US Nears Major Tariff Reduction Deal – Report

By BPN News Desk October 22, 2025

International

India and the United States are close to finalising a long-pending trade agreement that would lower U.S. tariffs on Indian imports to 15 %-16 %, according to a report by Mint. Currently, some U.S. duties on Indian goods reportedly stand near 50 %. Key Trade Areas The proposed deal is expected

International

Trump Warns Of 155% China Tariffs Ahead Of Xi Meeting

By BPN News Desk October 21, 2025

US President Donald Trump said on Monday that he expects a “fantastic deal” with Chinese President Xi Jinping, but warned that if no agreement is reached by November 1, tariffs on Chinese imports could rise to as high as 155 percent. Trump’s Tariff Claim Speaking at the White House in the presence of Australian Prime […]

International

Trump Repeats Claim Modi Said He’ll Stop Buying Russian Oil

By Arun D October 20, 2025

U.S. President Donald Trump reiterated that Narendra Modi told him India “is not going to be doing the Russian-oil thing,” while also warning that India would “continue to pay massive tariffs” if it kept buying crude from Moscow. India’s Response The Ministry of External Affairs in New Delhi rejected the claim, stating there was no […]

International

Trump Imposes Tariffs on Trucks, Extends Auto Relief

By BPN News Desk October 18, 2025

President Donald Trump has signed a proclamation imposing 25% tariffs on imports of medium and heavy-duty trucks and parts, along with a 10% duty on buses. The tariffs will take effect from November 1. At the same time, Trump extended tariff relief measures for U.S. automakers until 2030. Relief Program for Automakers Under the revised […]

International

Trump Says China “Forced Me” to Raise Tariffs

By BPN News Desk October 18, 2025

U.S. President Donald Trump defended his decision to impose a 100% tariff on Chinese goods, stating that Beijing’s actions left him with no choice. Speaking in Washington, Trump said China’s move to restrict the export of rare earth minerals, which are vital for global high-tech manufacturing, was the main trigger behind his decision. Rare Earth […]

International

US May Impose 500% Tariff On China

By BPN News Desk October 16, 2025

U.S. Treasury Secretary Scott Bessent said that 85 senators are ready to grant President Donald Trump the authority to impose a 500 % tariff on Chinese imports if Beijing continues buying Russian oil. Reason for the threat Bessent accused China of indirectly funding Russia’s war in Ukraine through its energy purchases. He said such purchases […]

Economy National

US Tariffs “Not Major Concern,” Says RBI Head

By BPN News Desk October 16, 2025

Reserve Bank of India Governor Sanjay Malhotra has downplayed fears over newly imposed U.S. tariffs, saying they are “not a matter of huge concern.” He asserted that India’s economy, driven largely by domestic factors, is well positioned to absorb external shocks. Strong fundamentals underpin confidence Speaking at the IMF-World Bank meetings in Washington, Malhotra said

National

India Seeks “Win-Win” Trade Deal with U.S.

By BPN News Desk October 15, 2025

India is holding detailed trade discussions with the United States, with officials stressing the goal of finding a “win-win situation” for both countries. The talks come in the backdrop of heightened tensions caused by recent tariff measures imposed by Washington on Indian goods. Tariff-Free Exports Highlight Despite the frictions, around 45% of Indian exports to […]

Uncategorized

America’s Tariff Roulette: Bailouts for Billionaires, Debt for Everyone Else

By BPN News Desk October 15, 2025

“While we are going broke, we are going broke slowly.” That wasn’t a late-night comedian taking a jab at Washington. It was David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, warning in sober financial language what most Americans already feel in their wallets: the United States is drowning in debt, and the government […]

International

Trump, Xi Meeting On Track In South Korea

By BPN News Desk October 14, 2025

The United States has confirmed that President Donald Trump is still scheduled to meet Chinese leader Xi Jinping in South Korea later this month. The statement comes even as trade frictions escalate between the two countries. Treasury Secretary Scott Bessent said staff-level discussions have helped ease tensions, and further talks will continue alongside the IMF–World […]