International

US-China Reach Trade Framework, Avert Major Tariff Clash

By BPN News Desk October 27, 2025

The United States and China have reached a “very substantial framework” in their trade talks, according to U.S. Treasury Secretary Scott Bessent. The deal is expected to prevent the U.S. from imposing the threatened 100% tariffs on Chinese goods, and to delay China’s planned export restrictions on rare earth minerals. Key Elements China has agreed […]

International

Ontario Pauses Anti-Tariff Ads Amid US Trade Dispute

By BPN News Desk October 25, 2025

The Canadian province of Ontario has decided to temporarily suspend its anti-tariff advertising campaign in the United States. The decision follows U.S. President Donald Trump’s announcement that he was ending trade negotiations with Canada in response to the ads, which used clips of former President Ronald Reagan to criticise tariffs. Ford Explains The Move Ontario […]

International

Trump Plans 155% Tariffs On China From Nov 1

By BPN News Desk October 22, 2025

U.S. President Donald Trump said that his administration will impose tariffs of 155% on imports from China starting November 1. The decision marks one of the strongest protectionist measures in recent years. Balancing Tone With Action While announcing the move, Trump remarked that he wanted to be “nice” to China, but argued that Beijing had […]

International

India-US Nears Major Tariff Reduction Deal – Report

By BPN News Desk October 22, 2025

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 to focus on energy […]

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