Tag: trade war

Trump’s ‘Liberation Day’ will endanger the global economy

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Trump’s ‘Liberation Day’ will endanger the global economy This could be a “liberation day” for the United States, as the White House has declared. We’ll see what happens. Whether they call it American independence or an attempt to isolate the world from the global trading system, Trump’s tariffs are an attempt to transform a badly broken economic model. And they’re something that will affect all of us in the world. Trump’s announcement was full of some pretty bad, misleading language. Full of insults. The rest of the world has robbed,…

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

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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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The biggest change in world trade in a century

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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

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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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Who is Mark Carney, the future Prime Minister of Canada?

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Canada is getting a new prime minister. Mark Carney has been elected as the head of the country’s ruling Liberal Party. According to the rules, the head of the ruling party is the head of government in Canada. As such, there is no doubt that Mark Carney is replacing outgoing Prime Minister Justin Trudeau. Mark Carney is an economist and former head of the Central Bank of Canada. He also led the Bank of England. He can be sworn in as prime minister in the next few days. Carney, an…

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Trump is now turning his attention to Japan

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US President Donald Trump seems to be focusing on the great task of repairing this shaky world. He seems to be spending sleepless nights not only on the critical situation in the Gaza Strip or the Russia-Ukraine war, but also on what is happening in the world without his consent and where US interests are being violated. Although Trump has repeatedly said during his election campaign to defeat China, he has so far refrained from engaging in any direct conflict with China. Although he has indicated that he will start…

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