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www.theasianstar.com
#215 - 7110, 12
VOL 25 - ISSUE 31
SATURDAY, SEPTEMBER 13, 2025
The real cost of tariffs on India
On August 27, President Donald Trump’s 50 percent tariffs on India, some of the steepest he has imposed on any country in the world, went into effect. The levies mark an astounding rupture between the world’s two largest democracies—and a setback for a partnership whose geopolitical significance had been growing. The cooperation that took root between India and the United States at the turn of the 21st century centered on shared values. Continued on Page 6...
Premier Eby continues foreign worker program criticism as BC approvals drop sharply B.C. Premier David Eby is doubling down on his criticism of the temporary foreign worker program, calling out a Vancouver Starbucks and a Boston Pizza outlet in Richmond for seeking to use the scheme to hire managers. But Eby’s criticism of the program, which he says needs to be shut down or significantly reformed, comes as federal data show approvals under the scheme have fallen almost twice as fast in B.C. as the rest of Canada. The data show that in the first three months of 2025, there were about 11,000 temporary foreign worker positions approved in B.C., down about
Indian-American Baiju Bhatt among Forbes youngest US billionaires Indian-American entrepreneur Baiju Bhatt, co-founder of commission-free trading platform Robinhood, has been recognised among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list. At 40, Bhatt is the only person of Indian origin in this elite group, joining tech leaders such as Meta's Mark Zuckerberg. His estimated net worth is around USD 6 billion–7 billion, largely derived from his roughly 6 per cent stake in Robinhood. Bhatt, who grew up in Virginia after his parents
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migrated from Gujarat, studied physics and mathematics at Stanford University before launching Robinhood in 2013 with Vlad Tenev. The platform has transformed retail investing in the US, offering commission-free trades and expanding into retirement accounts and high-yield savings. His inclusion in the Forbes 400 highlights the rise of young tech entrepreneurs and the increasing prominence of Indian-origin leaders in America's financial and technology sectors.
Trump & Modi agree to talk in bid to resolve trade impasse President Donald Trump and Indian Prime Minister Narendra Modi pledged to talk and resume trade negotiations, signaling a possible thaw after weeks of a blistering fight over tariffs and Russian oil purchases. “I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations,” Trump wrote on social media. “I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!,” he added. Modi responded shortly after with a post on X, saying that he was looking forward to speaking with Trump and that the U.S. and India are “close friends and natural partners.” Continued on Page 15...
37 per cent from the same period last year, while the rest of Canada has declined by 20.5 per cent. The declines came after the federal government tightened access to the scheme last September. Employers who want temporary foreign workers must pay for a positive labour market impact assessment, and the government data show there were more than 51,000 positions approved nationally in the first quarter of this year. Continued on Page 7...
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Getting a fugitive returned to Canada when there is no extradition treaty is possible, though more challenging, legal experts say. Wolfpack gang killer Rabih Alkhalil was arrested in Qatar last week, according to several Postmedia sources. None of the Gulf States have bilateral extradition treaties with Canada. The RCMP is neither confirming nor commenting publicly on the arrest of the 38-year-old, who broke out of a B.C. jail on July 21, 2022. Criminologist Yvon Dandurand, a professor emeritus at the University of the Fraser Valley, said the RCMP would have to remain silent while negotiations were underway between Canada and Qatar, or any country. Continued on Page 10...