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

International

U.S. To Push Secondary Tariffs On Russian Oil Buyers

By BPN News Desk September 8, 2025

U.S. Treasury Secretary Scott Bessent has proposed that the United States, along with the European Union, impose additional secondary tariffs on countries continuing to import Russian crude oil. He warned that such coordinated measures could trigger a “full collapse” of Russia’s economy and force President Vladimir Putin to the negotiating table. The proposal comes amid

International

Trump Authorizes Tariff Exemptions for Aligned Partners

By BPN News Desk September 6, 2025

President Donald Trump signed an executive order on September 5, 2025, introducing a new framework called “Potential Tariff Adjustments for Aligned Partners.” The order allows zero tariffs on over 45 categories of imports for countries that agree to reciprocal trade terms with the U.S. Goods Covered Under Exemptions The exempted items include industrial metals such […]