International

Trump Admits 50% Tariffs Strained India Ties

By BPN News Desk September 13, 2025

U.S. President Donald Trump admitted that the decision to impose a 50% tariff on Indian goods had created a strain in relations with New Delhi. He described the move as “not easy to do” and called it “a big deal.” Tariffs Linked to Russian Oil Purchases The fresh 50% duty comes on top of the […]

International

Trump Pushes G7 For Tariffs On India, China Over Russian Oil

By BPN News Desk September 12, 2025

The U.S. Treasury has called on G7 nations and the EU to impose higher tariffs on goods from India and China because of their continued purchases of Russian crude oil. The aim is to pressure Moscow to end its war in Ukraine. Tariff Levels Discussed Figures floated in discussions range between 50% to 100% tariffs […]

National

Shashi Tharoor Says US Tariffs Cost India Jobs

By BPN News Desk September 12, 2025

Congress leader Shashi Tharoor has said recent U.S. tariffs imposed under President Donald Trump are hurting India’s economy. He claimed about 1.35 lakh jobs (135,000) have already been lost in Surat’s gems and jewellery sector. Sectors like seafood and general manufacturing are also feeling negative effects. Need To Diversify Exports Tharoor urged India to look […]

International

Trump’s Envoy Pick Sergio Gor Pledges Stronger U.S.–India Ties, Faces Senate Questions on Oil and China

By BPN News Desk September 12, 2025

Washington: Sergio Gor, a close aide of U.S. President Donald Trump and nominee for the post of U.S. Ambassador to India, appeared before the Senate yesterday and pledged to deepen strategic, economic, and technological ties with New Delhi. In a testimony that repeatedly underscored the personal rapport between Trump and Prime Minister Narendra Modi, Gor […]

Economy National

Rupee Slumps To Lifetime Low Amid US Tariff Pressure

By BPN News Desk September 11, 2025

The Indian rupee dropped to a record low of around ₹88.44 per U.S. dollar on September 11, 2025, extending losses under pressure from U.S. tariffs on Indian goods. Tariff Concerns Fueling The Drop Investors are uneasy over Washington’s newly imposed tariffs, which have raised concerns about India’s export competitiveness and trade balance. These tariff actions […]

International

EU Unlikely To Follow Trump’s 100% Tariff Proposal

By BPN News Desk September 11, 2025

U.S. President Donald Trump has urged the European Union to impose tariffs of up to 100% on imports from India and China over their purchases of Russian oil. The aim is to cut off revenue flows to Moscow amid the war in Ukraine. EU’s Response EU officials have said the bloc is unlikely to comply […]

International

Mexico Set To Raise Tariffs On Chinese Cars To 50% After US Pressure

By BPN News Desk September 11, 2025

Mexico’s government has unveiled plans to increase tariffs on automobiles imported from China and other Asian countries from about 20% to 50%. The move is part of a broader overhaul of import duties aimed at protecting domestic industries and jobs. Scope Of The Import Overhaul The proposed changes would affect around US$52 billion in imports […]

International

Lula Condemns Trump Tariff as ‘Blackmail’

By BPN News Desk September 9, 2025

Brazilian President Luiz Inácio Lula da Silva has slammed the U.S. decision to impose a 50% import duty on Brazilian goods, describing it as “tariff blackmail.” Speaking during a BRICS summit, Lula argued the measure was coercive and harmful to global trade relations. Warning of Retaliation Lula warned that Brazil is prepared to respond if […]

International

Zelensky Backs Trump’s Tariff on India

By BPN News Desk September 9, 2025

Ukrainian President Volodymyr Zelensky has publicly endorsed U.S. President Donald Trump’s decision to apply steep tariffs to countries that continue trading with Russia, specifically targeting India. Zelensky described the move as the “right idea,” stressing that economic pressure is necessary to curb Moscow’s aggressive energy diplomacy. Trump’s Tariff Move on

International

Treasury May Owe Refunds If US Tariffs Are Overturned

By BPN News Desk September 8, 2025

U.S. Treasury Secretary Scott Bessent warned that the government may need to refund about half of the tariffs collected under President Trump’s administration if the Supreme Court rules them illegal. The potential refund, amounting to tens of billions of dollars, poses a significant challenge to Treasury finances. Legal Challenges Mount Over Tariff Authority Several lower