Tag: Import tariff

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

Stalin pdp

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

Stalin pdp

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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