Local apparel makers are seeing delays in the confirmation of work orders for the next summer season, as US retailers and brands wait for the final decision on reciprocal tariffs by the US administration, expected in early July.
Bangladesh should improve garment quality and delivery speed amidst intense competition in global supply chains arising from US President Donald Trump’s recent reciprocal tariffs, said some international traders yesterday..Bangladesh has the opportunity to retain its competitive edge due t
In April, the PMI fell to 52.9 from 61.7 in March
Industry leaders urged the government to urgently address these domestic constraints.
At a roundtable organised by The Daily Star, exporters and an economist urge a swift rethink of trade strategy
The readymade garment (RMG) sector is grappling with a range of internal challenges, including rising interest rates, soaring energy costs, and unreliable gas and electricity supplies, all of which are taking a heavy toll on productivity and profitability.
Cargo ships put to sea half empty, fluctuating freight rates and possible shipping route changes are some of the recent adjustments industry specialists have noted.
Trump's announcement sent businesses scrambling. Orders froze. Buyers demanded discounts. Stock markets plummeted.
The CPD said Bangladesh imposes customs and other duties averaging 6.2 percent on US imports
The accusations came as Trump posted a few minutes after Wall Street opened that "IT'S TIME TO BUY".
The heightened tariffs against China took effect at the same time Thursday as retaliatory levies of 84 percent slapped on by Beijing on US imports.
Commerce adviser sends a letter to US trade representative
The chief adviser made the call in a letter to the US president
In trade, as in life, one decision from far away can unravel years of careful effort.
The meeting will be held at the State Guest House Jamuna at 7.30pm today
The way country-specific reciprocal tariffs are calculated raises serious questions.
Chief Adviser Prof Muhammad Yunus has expressed strong hope that there will be positive progress in resolving the tariff issue through talks with the US government.
The average US tariff surged from 2.5 percent to 20 percent with a single executive action
Khan believes non-leather footwear dependency is not as critical compared to other industries
