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
With China, Vietnam and Cambodia vying for market share, Bangladeshi exporters fear a race to the bottom on prices -- one they may not win
On April 11, China dismissed Trump’s moves as a “joke” and raised its own tariff against the US to 125%
The accusations came as Trump posted a few minutes after Wall Street opened that "IT'S TIME TO BUY".
Responding to the 104 percent duties, Beijing said it would raise its own tariffs on US imports from 34 percent to 84 percent
While slapping another round of tariffs on China, Trump said his Chinese counterpart would want to talk to him.
Some sellers are looking to increase prices in the US while others are looking to find new markets
China levy hiked to 125%; stocks surge after announcement
Anwar Hossain, an administrator of the BGMEA, chaired the discussion
Netanyahu becomes the first foreign leader to meet with Trump in the US capital since the president unveiled sweeping levies on multiple countries
Bangladeshi exporters remain optimistic about withstanding the Trump administration’s sweeping tariffs, hoping that bold diplomacy and a united front at home will shield them from the trade shock.
A $100 shipment of T-shirts or jeans from Dhaka would face nearly $49 in import taxes at a US port, compared to just $11.56 now
As new US tariffs shake global trade routes, Bangladesh is pursuing a plan to reduce its trade imbalance with the US through targeted import increases, regulatory reforms and behind-the-scenes diplomacy. Bangladesh is not panicking and may even stand to gain, officials said yesterday.
"Bangladesh generates a negligible amount of revenue from taxes levied on goods imported from the United States"
The way country-specific reciprocal tariffs are calculated raises serious questions.
China announces 34% additional tariffs; Stock markets around the world keep falling, banks hit hard
The extent of the latest bout of tariff slaps across so many countries has come as a major shock and is unprecedented
As the United States moves to impose reciprocal tariffs, concerns are mounting among Bangladeshi exporters, particularly in the footwear and pharmaceutical sectors, over potential implications for the country’s trade prospects.
