International

US to Impose 30% Tariffs on EU & Mexico from August 1

By BPN News Desk July 12, 2025

US President Donald Trump has announced a sweeping 30% tariff on all goods imported from the European Union and Mexico, effective August 1. The move is part of his aggressive trade strategy aimed at narrowing the US trade deficit and compelling foreign partners to agree to more favourable terms. Trump’s Justification and Warnings In statements […]

International

India Nears Interim Trade Deal with US Tariffs Below 20%

By BPN News Desk July 12, 2025

India and the US are reportedly close to finalising an interim trade deal that could cap US tariffs on Indian goods below 20%, offering New Delhi a more favourable position compared to other Asian nations facing higher duties. The deal aims to delay or avoid sweeping reciprocal tariffs set to take effect on August 1. […]

International

US Senate Eyes Tariffs on Russian Oil Buyers India & China

By BPN News Desk July 12, 2025

A new bipartisan bill in the US Senate proposes imposing steep tariffs on countries that continue to buy Russian oil, with India and China specifically in focus. The legislation, known as the Sanctioning Russia Act of 2025, aims to reduce Moscow’s energy earnings by penalising major importers. Bill Details and Tariff Rates Under the bill, […]

International

Wall Street Slips as Trump Threatens Canada, EU Tariffs

By BPN News Desk July 12, 2025

US stock markets edged lower on Friday after President Donald Trump signaled a possible 35% tariff on Canadian imports and hinted at new duties targeting the European Union. The announcement has sparked fresh concerns over trade tensions among global investors. Indices Retreat from Record Highs The Dow Jones Industrial Average fell by around 0.6%, the […]

International

Rubio Meets China’s Wang Yi, Calls Talks Positive

By BPN News Desk July 11, 2025

U.S. Secretary of State Marco Rubio met Chinese Foreign Minister Wang Yi on July 11 in Kuala Lumpur during the East Asia Summit and ASEAN Regional Forum. This was their first in-person meeting since Rubio took office earlier this year, marking a key step in resuming diplomatic communication amid growing tensions between the two nations. […]

Trade

China Imposes Retaliatory Tariffs on Canadian Agricultural Products

By BPN News Desk March 9, 2025

In response to Canada's tariffs on Chinese goods, China announces new tariffs on Canadian agricultural products, including rapeseed oil and pork, effective March 20, 2025.

International

Trump and Ishiba Discuss Trade Imbalance and Potential Tariffs

By BPN News Desk February 8, 2025

In a recent meeting at the White House, President Donald Trump and Japanese Prime Minister Shigeru Ishiba engaged in discussions centered on the trade imbalance between the United States and Japan. The U.S. currently faces a $68 billion trade deficit with Japan, a concern that President Trump emphasized during the talks. Focus on Trade Imbalance […]

Trade

India Considers Tariff Reductions and Increased Imports to Address U.S. Trade Concerns

By Editor - News Desk January 24, 2025

To counter potential U.S. trade actions, India is exploring options like lowering import tariffs and boosting purchases of American goods, aiming to reduce its trade surplus and strengthen economic relations.