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
Bangladesh should consider shifting its focus from the United States to regional markets to offset the risks of export loss due to tariff hikes by the Trump administration, economists said yesterday.
Last week, Trump announced a 20 percent tariff on European goods
There is a national security rationale for domestic production, but also for friendshoring and for nearshoring, because the stuff that's close by is a lot easier to secure, he says
Bangladesh’s banks are among the most vulnerable in Asia-Pacific to a sweeping hike in US import tariffs, Moody’s Ratings said, warning that the country’s heavy dependence on garment exports and fragile financial buffers have left its banking sector exposed to rising credit stress.
After two months of sluggish growth, Bangladesh’s exports surged in March, driven by strong growth in the readymade garment (RMG) sector.
Bold diplomacy, united efforts essential
Many economists have warned that tariffs are passed on to consumers and that they could see price rises at home
Anwar Hossain, an administrator of the BGMEA, chaired the discussion
Netanyahu becomes the first foreign leader to meet with Trump in the US capital since the president unveiled sweeping levies on multiple countries
Bangladeshi exporters remain optimistic about withstanding the Trump administration’s sweeping tariffs, hoping that bold diplomacy and a united front at home will shield them from the trade shock.
