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 tariff actions, which could upend nearly $2.2 trillion in two-way annual US trade went live at 12:01 am EST (0501 GMT)
The duties stand to impact over $918 billion worth of US imports from both countries.
Beijing will impose an additional 15% tariff on US chicken, wheat, corn and cotton
Trump had unveiled -- and then paused -- blanket tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing to stop illegal immigration and drug trafficking.
Trump has long railed against what he calls the unfair treatment of US automotive exports in foreign markets.
In particular, he called the European Union "absolutely brutal" in trade ties with Washington.
Trade protectionism is not the path to global competitiveness
Trump's fresh salvo could bring a broad tariff hike to emerging market economies like India and take aim at European Union
Here are some responses to the tariffs out of Europe
The Trump tariffs, outlined in three executive orders, are due to take effect 12:01 a.m. ET (0501 GMT) on Tuesday.
