International

Bolton Says Trump’s India Tariffs Are “Enormous Mistake”

By BPN News Desk August 9, 2025

Former U.S. National Security Advisor John Bolton has warned that President Trump’s high tariffs on Indian imports—imposed in response to India’s oil purchases from Russia—could be a serious diplomatic error. He said these measures risk pushing India away from the United States and closer to countries like Russia and China. Why Bolton is Concerned Bolton […]

National

Tharoor Says India’s Self-Respect Not for Bargaining

By BPN News Desk August 8, 2025

Congress leader Shashi Tharoor has criticized recent U.S. trade actions, calling them overly aggressive. He said that India’s national pride should never be up for negotiation, likening U.S. tactics to those of a school bully. What Tharoor Said Tharoor described the U.S. imposition of a 25% tariff—and potential penalties—on Indian exports as possibly being a […]

Economy National

Moody’s Says Strong Domestic Demand to Cushion Tariff Impact

By BPN News Desk August 8, 2025

Global ratings agency Moody’s has said that India’s resilient domestic demand will help soften the economic impact of recently imposed U.S. tariffs. In its latest assessment, Moody’s noted that while the new trade penalties could slow growth slightly, the overall outlook for the Indian economy remains steady. Limited Growth Slowdown Moody’s projects that India’s real […]

International

U.S. Revises Japan Tariff Calculation After Error

By BPN News Desk August 8, 2025

Japan revealed that the United States made a clerical error in calculating the “reciprocal” tariff rate. As a result, the effective rate on Japanese goods entering the U.S. will be lower than initially announced. What Went Wrong Japan’s chief trade negotiator, Ryosei Akazawa, explained that the original figure overlooked an agreed-upon tariff ceiling for Japan. […]

International

China Voices Support for India Amid U.S. Tariff Surge

By BPN News Desk August 8, 2025

China’s ambassador to India, Xu Feihong, publicly criticized the latest U.S. tariffs on Indian goods, calling U.S. President Donald Trump a “bully.” He warned, “Give the bully an inch, he will take a mile,” urging India not to give in to trade pressure. What Prompted the Statement? The comment came after the U.S. increased tariffs […]

International

India and Brazil Join Hands Against U.S. Tariffs

By BPN News Desk August 8, 2025

India’s Prime Minister Narendra Modi and Brazil’s President Luiz Inácio Lula da Silva spoke by phone for about one hour on Thursday, August 7, 2025. They discussed the recent 50% tariffs imposed by U.S. President Donald Trump on goods from both countries. The two leaders agreed to work together more closely in areas like trade, […]

International

Japan Urges U.S. to Implement Auto Tariff Cut Promptly

By BPN News Desk August 7, 2025

Japan has called on the United States to quickly implement a previously agreed reduction in tariffs on Japanese automobiles and auto parts. The deal, which involves cutting U.S. import duties from 27.5% to 15%, has yet to be given a clear implementation timeline. Japanese trade officials raised the issue during recent bilateral talks with the […]

Business Markets

Indian Markets End Higher Despite Trump’s Tariff Announcement

By BPN News Desk August 7, 2025

Indian stock markets closed in the green on Wednesday, brushing off concerns triggered by U.S. President Donald Trump’s announcement of new tariffs on Indian goods. Both the Sensex and the Nifty 50 posted gains, reflecting investor confidence in domestic economic fundamentals despite global trade tensions. The BSE Sensex rose 385 points to end at 75,145, […]

National

Tharoor Urges 50% Tariff on US Goods if Duties Remain

By BPN News Desk August 7, 2025

Senior Congress leader Shashi Tharoor has suggested that India should respond firmly if the United States does not withdraw its recently increased tariffs on Indian goods. He proposed that India raise its average tariff rate—currently around 17%—to 50% to match the U.S. move, but only if Washington fails to reverse its decision after the 21-day […]

International

Brazil’s Lula Calls for Joint BRICS Response to US Tariffs

By BPN News Desk August 7, 2025

Brazilian President Luiz Inácio Lula da Silva has urged BRICS nations to formulate a coordinated response to the recent tariff hikes imposed by U.S. President Donald Trump. Speaking during a press interaction in Brasília, Lula stated that unilateral tariff actions targeting countries like India and China demand collective resistance from emerging economies. The remarks