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
"The US is our closest ally, so our approach is to remain calm and committed to doing this deal"
"It's our declaration of independence," Trump said
White House told reporters that a "baseline" 10 percent tariff would start on 12:01am (0401 GMT) on April 5
Trump said that a baseline tariff of 10 percent would be imposed on imports from a wide range of other countries
US president unveiled sweeping "Liberation Day" tariffs targeting countries around the world
Japan and South Korea are seeking to import semiconductor raw materials from China
Trump's hyper-focus on tariffs has rattled investor, consumer and business confidence and raised recession fears.
A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China.
Trump and his team have repeatedly bashed the economy that they inherited from Biden
Trump's announcement came one day after a phone call with the CEOs of Ford, GM and Stellantis.
