The opinion marks a significant setback to the Republican leader
The National Board of Revenue (NBR) is set to propose zero import duties on an additional 100 goods in the upcoming national budget, aiming to boost bilateral trade with the United States and cushion higher tariffs on Bangladeshi products entering the American market.
The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world’s two biggest economies seek to end a damaging trade war that has stoked fears of recession and roiled financial markets.
“We look forward to receiving a written offer from your government so that we can commence formal negotiations,” the USTR letter said
At a roundtable organised by The Daily Star, exporters and an economist urge a swift rethink of trade strategy
The Bank has been advising developing countries to focus attention on cutting trade barriers and boosting regional flows of goods
Beijing "will take countermeasures in a resolute and reciprocal manner" if any country sought such deals, a ministry spokesperson said
The trade war is raising fears of an economic downturn as the dollar tumbles and investors dump US government bonds, normally considered a safe haven investment.
US Customs and Border Protection agency published a list of tariff codes excluded from the import taxes
On April 11, China dismissed Trump’s moves as a “joke” and raised its own tariff against the US to 125%
The accusations came as Trump posted a few minutes after Wall Street opened that "IT'S TIME TO BUY".
Responding to the 104 percent duties, Beijing said it would raise its own tariffs on US imports from 34 percent to 84 percent
While slapping another round of tariffs on China, Trump said his Chinese counterpart would want to talk to him.
Some sellers are looking to increase prices in the US while others are looking to find new markets
China levy hiked to 125%; stocks surge after announcement
Beijing has vowed to "fight to the end" against Trump's aggressive trade policy
"The US continues to abuse tariffs to pressure China"
China, which retaliated with 34 percent duties on US goods, is the largest importer of US agricultural products
China -- Washington's top economic rival but also a major trading partner -- is the hardest hit
