Will Bangladesh’s garment exports be affected by Trump’s retaliatory tariffs?

Will Bangladesh’s garment exports be affected by Trump’s retaliatory tariffs? Bangladeshi garment industry entrepreneurs are worried about US President Donald Trump’s imposition of reciprocal tariffs or counter-tariffs on various countries around the world. Because Trump’s decision will impose an additional 37 percent tariff on Bangladeshi products. So far, the country has had an average tariff of 15 percent on Bangladeshi products. The single largest market for Bangladeshi garment is the United States. The United States was the destination for 18 percent of the total garment exports in the 2023-24 fiscal…

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Tariff issue will be resolved positively through talks with US: Chief Advisor

Tariff issue will be resolved positively through talks with US: Chief Advisor Professor Muhammad Yunus, the chief advisor to the interim government, has expressed strong hope that there will be positive progress in resolving the tariff issue through discussions with the US government. The chief advisor said, “We are reviewing the issue. Since it is negotiable, we will discuss it and I am sure we will reach the best solution.” Tariff issue will be resolved The chief advisor’s press secretary Shafiqul Alam told BSS in Bangkok on Thursday, quoting Professor…

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The biggest change in world trade in a century

The biggest change in world trade in a century The tariffs imposed by US President Donald Trump on imports from various countries will have a huge impact on the global economy. The extent to which these tariffs have increased can be understood by looking at the chart of US tariff revenue. The tariff lines on the chart have risen so high in a single blow, which has not been seen in the past century. These lines have even surpassed the period of high protectionism of the US economy in the…

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Trump’s tariffs on steel and aluminum: Global reactions and fears of trade war

Trump’s tariffs on steel and US President Donald Trump has imposed tariffs on steel and aluminium imports, a move that is expected to escalate tensions with America’s major trading partners. The new rules will impose a 25% tariff on steel and aluminium imported into the US and will end existing exemptions for all countries. In response, the European Union (EU) has announced retaliatory tariffs on billions of euros worth of US goods. Trump hopes the tariffs will boost US steel and aluminium production. But critics say they will raise prices…

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