International

Trump Threatens New Tariffs Over Digital Taxes

By BPN News Desk August 26, 2025

U.S. President Donald Trump warned that nations imposing digital services taxes (DSTs) on American technology firms could face additional tariffs. He said such levies unfairly target companies like Google, Apple, Amazon, and Meta, and suggested that export restrictions on advanced U.S. technologies, including semiconductors, could also be considered. Europe in the

Business Finance

RBI Holds Talks with Exporters as US Tariffs Loom

By BPN News Desk August 26, 2025

The Reserve Bank of India (RBI) has started consultations with exporters to understand what support they may need as the US prepares to impose steep tariffs on Indian goods. These discussions are expected to continue through the week, with small and medium-sized enterprises flagged as the most at risk. Tariff Impact on Exports The US […]

International

US Sends Notice Ahead of 50% Tariff on Indian Goods

By BPN News Desk August 26, 2025

The U.S. Department of Homeland Security has issued a formal notice to India, confirming that an additional 25% tariff will be applied on Indian goods starting 12:01 a.m. EDT on August 27. This will raise total tariffs on certain imports to 50%, impacting items entering the U.S. market or withdrawn from bonded warehouses from that […]

National

PM Modi Appeals to Shop Swadeshi Ahead of U.S. Tariffs

By BPN News Desk August 26, 2025

Prime Minister Narendra Modi called on citizens and traders to prioritize buying and selling only Indian-made goods. He urged shopkeepers to put up signs declaring their businesses as “Swadeshi only,” linking the campaign to national pride and self-reliance. Protecting Domestic Interests Modi framed the appeal as part of India’s economic patriotism. He said global

International

NZ Post Suspends Most Deliveries to U.S. Over Tariff Changes

By BPN News Desk August 25, 2025

New Zealand Post has temporarily suspended most parcel deliveries to the United States, effective from August 21. The action comes ahead of new U.S. tariffs on imported goods that take effect on August 29. Limited Services Continue Only essential mail—such as letters, passports, legal documents, and other critical documents—will still be delivered. All other parcel […]

National

India Defies U.S. Pressure, Buys Oil on Best Terms

By BPN News Desk August 25, 2025

India has strongly rejected U.S. tariffs linked to its Russian oil imports. Indian ambassador to Russia, Vinay Kumar, called the measures “unfair, unreasonable and unjustified,” stressing that New Delhi will protect its sovereign right to decide energy strategy. Oil Purchases on Market Terms Kumar clarified that Indian firms will continue buying oil “from

International

US Uses Tariffs on India to Pressure Russia – JD Vance

By BPN News Desk August 25, 2025

U.S. Vice President J.D. Vance confirmed that the Trump administration imposed secondary tariffs on India as a form of “aggressive economic leverage” to push Russia toward ending its war in Ukraine. Tariff Structure The new duties include a 25% reciprocal tariff along with an additional 25% penalty tied to India’s continued import of Russian oil. […]

International

Jaishankar Criticizes Trump, Reaffirms India’s Red Lines

By BPN News Desk August 23, 2025

External Affairs Minister S. Jaishankar said U.S. President Donald Trump’s approach to diplomacy was unlike any other, pointing out that he conducts foreign policy “very publicly and very unsparingly.” Speaking at an event in Delhi, Jaishankar observed that this was the first time a U.S. president had handled sensitive matters in such an open style. […]

International

Canada Drops Most Tariffs on U.S. Goods

By BPN News Desk August 23, 2025

On August 22, 2025, Canadian Prime Minister Mark Carney confirmed that Canada will remove most of its retaliatory tariffs on U.S. goods. The rollback will take effect from September 1 and is aimed at reducing tensions with Washington after months of trade friction. Focus on USMCA-Compliant Items The tariff removal applies to U.S. goods covered […]

International

Jaishankar Questions U.S. Tariffs Over Russian Oil

By BPN News Desk August 22, 2025

External Affairs Minister S. Jaishankar said he was “perplexed” by the U.S. decision to impose tariffs on India for continuing oil imports from Russia. He stressed that China remains the largest importer of Russian oil and the European Union is the biggest buyer of Russian LNG, while India’s share is far smaller. He also reminded […]