US To Halt Illegal Tariffs From February 24

By BPN News Desk February 24, 2026

International

The United States will stop collecting certain import tariffs from February 24, 2026, after the U.S. Supreme Court ruled that the duties were imposed without proper legal authority. U.S. Customs and Border Protection confirmed that the affected tariff codes will be deactivated at 12:01 a.m.

International

US Reaches Trade Deal To Lower Taiwan Tariffs

By BPN News Desk February 13, 2026

The United States (US) has finalised a trade agreement with Taiwan aimed at reducing tariff barriers and expanding market access between the two economies. US Taiwan Trade Agreement Details Officials said the deal focuses on lowering tariffs on selected goods, improving customs procedures and increasing transparency in trade regulations. The agreement also includes

International

US Treasury Scott Bessent Revises View On Tariffs And Inflation

By BPN News Desk February 6, 2026

US Treasury Secretary Scott Bessent said he was mistaken in earlier comments suggesting tariffs would significantly drive inflation, stating updated economic data showed a more limited price impact than previously expected. Scott Bessent Revises Tariff Inflation View Bessent clarified that earlier assessments overstated the inflationary effect of tariffs on consumer

International

Trump Announces 50% Copper, 200% Pharma Tariffs

By BPN News Desk July 9, 2025

President Donald Trump has launched a new wave of protectionist trade measures, unveiling a 50% tariff on copper imports and issuing a stark warning that pharmaceutical products could face duties as high as 200% within the next 12 to 18 months. The announcements are part of a broader strategy to reduce U.S. reliance on foreign […]

International

Trump Threatens Extra 10% Tariffs on Countries Backing “Anti‑American” BRICS

By BPN News Desk July 7, 2025

U.S. President Donald Trump has escalated his trade policy rhetoric by declaring that any country aligning with what he calls the “anti-American policies” of the BRICS group will face an additional 10% tariff. The announcement came via a direct message on Truth Social as the BRICS summit was underway in Rio de Janeiro. Trump stated […]

Business Trade

India Imposes Five-Year Anti-Dumping Duties on Chinese Imports

By BPN News Desk June 21, 2025

India has taken a decisive step to safeguard its domestic industries by imposing five-year anti-dumping duties on imports of aluminium foil, the herbicide Pretilachlor (including its intermediate PEDA), and the solvent Acetonitrile originating from China, Taiwan, and Russia. The move follows a thorough investigation by the Directorate General of Trade Remedies (DGTR),

International

Markets Cheer Ruling Against Trump Tariffs

By BPN News Desk May 29, 2025

Global financial markets reacted positively following a landmark court decision striking down key Trump-era tariffs. The ruling, seen as a rollback of protectionist trade measures, has boosted investor confidence, leading to gains in major stock indices, a stronger US dollar, and a rally in oil prices. The ruling essentially nullifies sections of the controversial tariffs

International

Trump Shrugs Off Tariff Pain, Says ‘Two Dolls Are Enough’

By BPN News Desk May 1, 2025

U.S. President Donald Trump has openly acknowledged that his aggressive tariff policies might lead to higher consumer prices and reduced access to imported goods, but he defended the approach as necessary for long-term economic stability. Speaking during a recent Cabinet meeting, Trump responded to concerns with characteristic bluntness: “Well, maybe the children

Trade

India Considers Extending Import Restrictions on Steelmaking Raw Materials

By BPN News Desk February 26, 2025

The Indian government is considering extending import restrictions on low-ash metallurgical coke (met coke) beyond June 2025 to encourage domestic sourcing by steel manufacturers. In December 2024, India imposed country-specific quotas, limiting total met coke imports to 1.4 million metric tons from January to June 2025. This move aimed to protect local producers from a

International

USPS Temporarily Suspends, Then Resumes, Parcels from China

By BPN News Desk February 5, 2025

The United States Postal Service (USPS) recently announced a temporary suspension of incoming international parcels from China and Hong Kong, effective immediately. This decision was made in response to evolving trade policies and regulatory changes. Impact on E-commerce and Trade The suspension of parcel acceptance from China and Hong Kong has significant implications for