MG Quibria

The new US investigations do not, in themselves, raise tariffs, but they are a reminder that Dhaka remains vulnerable to legal and political trade pressure despite the recent bilateral agreement.

The new US investigations do not, in themselves, raise tariffs, but they are a reminder that Dhaka remains vulnerable to legal and political trade pressure despite the recent bilateral agreement.

The Supreme Court ruling of February 20 that sweeping global tariffs imposed by US President Trump were illegal has rightly been read as a rebuke of executive overreach. But it does not mark a return to the old order. The trade policy of the United States has shifted in a more durable protectionist direction, and the world has noticed.