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
A high-powered delegation from Bangladesh is scheduled to visit the US next week to discuss the tariffs imposed by the Trump administration, Commerce Adviser Sk Bashir Uddin said yesterday.
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 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
"We need a comprehensive review," said Mahfuz Kabir, research director of BIISS
US President Donald Trump is set to announce a new raft of tariffs against multiple countries as early as tonight, in what he has dubbed a "Liberation Day" to redress supposedly unfair trade imbalances
One might be forgiven for thinking that the turbulence unleashed by Donald Trump’s trade policies during his first term as president of the United States was overhyped—especially since Bangladesh’s export contraction between July 2019 and February 2020,
Colombia's left-leaning President Gustavo Petro did not back down, announcing his own tariffs against US products
Trump responded on his Truth Social platform after the Washington Post cited three sources familiar with the matter as saying that Trump aides were exploring a narrower approach to tariffs
US tariffs weigh on many industries. The American Apparel & Footwear Association (AAFA) estimates retail prices have risen five percent to 10 percent annually since 2020
