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 […]

Op-Eds Opinion

Delhi Bans Rummy but Shuffles the GST Deck

By BPN News Desk September 6, 2025

The irony is too perfect. The Indian government banned online rummy, poker, and fantasy sports calling them “gambling,” thereby forfeiting nearly ₹20,000 crore in annual tax revenue. And yet, at the same time, it has embarked on its own gamble — GST 2.0 — giving up another ₹50,000–70,000 crore in revenues, all while running a […]

International

India-US Trade Talks Continue Amid 50% Tariffs

By BPN News Desk September 5, 2025

India and the United States are continuing discussions on a bilateral trade agreement despite recent tensions. Commerce Minister Piyush Goyal confirmed that talks are still active and said India is aiming to finalize a deal by November. Tariffs Imposed by Washington The United States has raised tariffs on Indian exports to 50%. The increase combines […]

International

Ishiba Vows to Remain PM After U.S. Lowers Tariffs

By BPN News Desk September 5, 2025

Japanese Prime Minister Shigeru Ishiba has reaffirmed his commitment to remain in office following a U.S.–Japan trade agreement that reduces auto tariffs to 15%, down from the previously threatened 25%. The pact, announced on July 22, also includes a pledge by Japan to invest about $550 billion in the U.S., although some of the funds […]

International

Bolton Says Trump–Modi Rapport Is Now Gone

By BPN News Desk September 4, 2025

Former U.S. National Security Advisor John Bolton has claimed that the once-strong personal bond between President Donald Trump and Prime Minister Narendra Modi has effectively ended, adding pressure to already strained India–U.S. ties. Bolton Warns World Leaders Bolton remarked that Trump’s past camaraderie with Modi is “gone now,” using it as an example to caution […]