Economy National

India to Be Third-Largest Economy, Says Piyush Goyal

By BPN News Desk July 31, 2025

Commerce Minister Piyush Goyal firmly dismissed U.S. President Donald Trump’s recent remark labeling India a “dead economy.” Speaking in Parliament, Goyal asserted that India has moved from being among the “Fragile Five” economies to becoming the world’s fastest-growing major economy. He added that India, currently ranked fifth, is on track to become the

International

Trump: Tariffs Make America “Great and Rich Again”

By BPN News Desk July 31, 2025

U.S. President Donald Trump on Wednesday defended his sweeping tariff strategy, claiming it has revitalized the American economy. In a social media post, he stated, “Tariffs are making America GREAT & RICH Again,” and added, “One year ago, America was a dead country. Now it is the hottest country anywhere in the world.” Tariffs Target […]

National

Tharoor Warns US Tariffs Could ‘Destroy’ India‑US Trade

By BPN News Desk July 31, 2025

Senior Congress MP Shashi Tharoor called the U.S. decision to impose a 25% tariff plus a penalty on transactions involving Russian oil or arms a “very serious matter” for India. He warned that the effective trade duty could climb as high as 35–45%, or, if a 100% penalty is applied, it could virtually destroy India’s […]

International

US Sanctions Six Indian Firms Over Iran Oil Trade

By BPN News Desk July 31, 2025

The United States has imposed sanctions on six Indian companies for allegedly engaging in the trade of Iranian oil and petrochemical products. The move, announced on July 31, is part of Washington’s broader strategy to enforce sanctions on Iran’s energy exports. $220 Million in Transactions Identified According to U.S. authorities, the firms were involved in […]

International

US Sets 15% Tariff on South Korean Imports

By BPN News Desk July 31, 2025

The United States has finalized a new trade agreement with South Korea, introducing a 15% tariff on South Korean imports starting August 1. This tariff replaces a previously threatened 25% duty and was confirmed by President Donald Trump as part of a broader effort to rebalance trade and secure long-term economic cooperation between the two […]

International

US, Pakistan Strike Trade Deal on Oil Reserves

By BPN News Desk July 31, 2025

U.S. President Donald Trump announced a new trade deal with Pakistan on July 30, 2025, focused on developing Pakistan’s oil reserves. The agreement includes collaboration with an American firm that will help explore and manage untapped energy assets in Pakistan. Trump also suggested that oil produced under this project could be exported to neighboring countries, […]

Business Markets

Markets Slump as Trump Slaps 25% Tariff on India

By BPN News Desk July 30, 2025

Indian stock markets declined after U.S. President Donald Trump announced a 25% tariff on imports from India starting August 1. The new trade measure, coupled with a penalty for India’s continued energy and defense ties with Russia, has triggered investor caution across sectors. Sensex and Nifty See Mixed Movement On July 29, the Sensex dropped […]

Business Trade

Trump Slaps 25% Tariff and Penalty Tax on India

By BPN News Desk July 30, 2025

President Donald Trump announced on July 30 that the United States will implement a 25% tariff on all goods imported from India starting August 1. Alongside the tariff, a penalty tax will also be imposed due to India’s continued defense and energy trade with Russia. India’s Russia Ties Cited as Key Factor Trump stated that […]

International

Trump Hints at India Tariffs, Claims Credit for India‑Pak Truce

By BPN News Desk July 30, 2025

U.S. President Donald Trump on July 29 hinted at the possibility of imposing 20–25% tariffs on Indian goods if a trade deal between the two nations is not finalized soon. Speaking at a campaign event, Trump stated that India has historically maintained high tariffs and indicated that the U.S. would not hesitate to respond if […]

International

US‑China Trade Talks in Stockholm Continue Amid Tariff Deadline

By BPN News Desk July 30, 2025

Trade representatives from the United States and China met for a second consecutive day in Stockholm on July 28–29, 2025, to discuss the extension of a tariff pause set to expire on August 12. Officials from both nations described the atmosphere as open and constructive, signaling progress but stopping short of a final agreement. Trump […]