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International

Court Rules Trump’s Emergency Tariffs Illegal

By BPN News Desk
A federal appeals court has ruled that most of President Donald Trump’s sweeping tariffs—imposed under emergency powers—were illegal. The court concluded that these measures exceeded the authority granted by the International Emergency Economic Powers Act (IEEPA), which does not authorize the president to impose tariffs without explicit congressional approval. The decision
International

Jefferies Reports Links Tariffs On India To Trump’s Personal Frustration

By BPN News Desk
Investment bank Jefferies reports that the U.S. decision to impose 50% tariffs on Indian goods stems largely from President Trump’s “personal pique” over being denied a role in mediating the India-Pakistan conflict. The unprecedented tariffs are seen as a reaction to that frustration. Economic Cost To India Projected At $55–60 Billion Jefferies’ strategist Chris Wood, […]
International

Japan Cancels U.S. Visit Over Tariff Snag

By BPN News Desk
Japan’s chief trade negotiator, Ryosei Akazawa, has canceled a planned trip to Washington meant to conclude talks on a $550 billion investment package tied to tariff relief. The visit was postponed after unresolved details in the agreement remained unsettled. Investment Deal Linked to Tariff Cuts The proposed deal, agreed in principle in July, would lower […]
International

Democrats Slam Trump’s Tariffs on India

By BPN News Desk
Democratic members of the U.S. House Foreign Affairs Committee criticized President Donald Trump’s decision to impose 50% tariffs on Indian goods, calling the policy harmful to American businesses and consumers. Lawmakers said the tariffs unfairly penalize India while driving up costs at home. Questioning Link to Ukraine Conflict The committee argued that the
International

Mexico Halts US Deliveries Amid Tariff Uncertainty

By BPN News Desk
Mexico’s national postal service, Correos de Mexico, has suspended all package deliveries to the United States starting Wednesday. The decision follows confusion over the termination of the “de minimis” duty exemption, which previously allowed duty-free entry for packages valued under $800. Billions in Trade Impacted In 2024, more than 1.3 billion packages worth over $64

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