Trump Threatens 50% Tariff on EU Goods; EU Plans €95B Retaliation

By BPN News Desk May 24, 2025

International

In a dramatic escalation of U.S.-EU trade tensions, U.S. President Donald Trump announced on May 23, 2025, that his administration would impose a 50% tariff on all goods imported from the European Union starting June 1. The declaration has sparked immediate pushback from Brussels, which has

Business Markets

Asian Markets Extend Losses Amid Escalating Trade Tensions

By BPN News Desk April 11, 2025

Asian stock markets are heading for a third consecutive weekly decline, as intensifying trade tensions between the United States and China continue to unsettle global investors. The latest round of retaliatory tariffs imposed by both nations has amplified concerns over a prolonged economic standoff, triggering widespread sell-offs across major indices in the region.

International

China Warns U.S. Against Tariff Pressure, Stresses Equal Dialogue

By BPN News Desk April 10, 2025

China has issued a stern warning to the United States following Washington’s latest decision to sharply raise tariffs on Chinese imports to 125%. As trade tensions between the two global powers escalate, Beijing has made it clear that pressure tactics and threats will not yield results. In a pointed statement, Chinese Ministry of Commerce spokesperson […]

Trade

White House Criticizes India’s High Tariffs on American Goods

By BPN News Desk March 12, 2025

The White House has criticized India’s high tariffs on American products, highlighting a 150% duty on alcohol and a 100% tariff on agricultural goods. White House Press Secretary Karoline Leavitt emphasized that such steep tariffs hinder U.S. exports, particularly affecting industries like Kentucky bourbon. In response to escalating trade tensions, India recently

Trade

China’s Exports Hit Record $540 Billion Amid Rush to Beat U.S. Tariffs

By BPN News Desk March 7, 2025

In December 2024, China's exports surged to a record $540 billion as manufacturers accelerated shipments to avoid impending U.S. tariffs proposed by President Donald Trump.

International

Trump Accuses Trudeau of Using Tariff Dispute for Political Gain Amid Escalating Trade Tensions

By BPN News Desk March 6, 2025

President Trump alleges that Prime Minister Trudeau is leveraging the U.S.-Canada tariff dispute to maintain political power, following a phone call addressing trade and fentanyl smuggling issues.