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
“Such tariff measures could significantly hurt exports, particularly the RMG sector," said Raihan
His remarks come as Bangladesh is set to face a 37 percent tariff on its exports to the US
"We need a comprehensive review," said Mahfuz Kabir, research director of BIISS
Here is the complete list of countries along with their respective tariff rates
Duties on automotive parts imports will be launched on May 3
China, Canada, Japan, UK, and more react to US tariffs with criticism and retaliation plans
Says the NBR is identifying options to rationalise tariffs expeditiously, which is necessary to address the matter
The reciprocal tariff will be effective from April 9, according to a statement from the White House
Bangladesh’s garment sector, a major export industry and critical employment source, is likely to bear the brunt of this policy.
US government claims Bangladesh effectively imposes a 74 percent tariff on American goods
