US Imposes Up to 245% Tariffs on Chinese Imports Amid Escalating Trade War

By BPN News Desk April 16, 2025

International

The United States has intensified its trade war with China by imposing sweeping new tariffs of up to 245% on Chinese imports. The move is being presented by the administration as a necessary countermeasure to what it calls “unfair and aggressive” trade practices by China, particularly in

Business Industry

Shein-Reliance Sourcing Deal Faces Setback Amid US-China Trade Tensions

By BPN News Desk April 15, 2025

The ambitious partnership between Chinese fast-fashion giant Shein and Reliance Retail to establish India as a major global sourcing hub is facing serious headwinds due to rising trade tensions between the United States and China. The deal, which was expected to integrate thousands of Indian micro, small, and medium enterprises (MSMEs) into Shein’s global supply […]

International

Trump Slams Southeast Asia Amid Xi’s Trade Outreach and Tariff Tensions

By BPN News Desk April 15, 2025

U.S. President Donald Trump has sharply criticized Southeast Asian nations over what he described as unfair trade practices, stating, “They’re trying to screw the U.S., and I don’t blame them.” His remarks underscore growing frustration within the administration over trade imbalances and follow the imposition of steep tariffs on countries like Vietnam. Vietnam, which

International

Oil Prices Plummet Nearly 4% Amid Escalating US-China Trade Tensions

By BPN News Desk April 9, 2025

Oil prices dropped sharply by nearly 4% following the United States’ decision to impose a steep 104% tariff on Chinese imports. The move, which escalates tensions in the ongoing US-China trade war, has raised alarm over the future of global economic growth and triggered a wave of uncertainty in the energy markets. Oil Prices Drop […]