US President Donald Trump said Friday that he would double steel and aluminum import tariffs to 50 percent from next week, the latest salvo in his trade wars aimed at protecting domestic industries.

The biennial election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) was held yesterday to elect office bearers for the 2025-27 tenure.

The commerce adviser made the call during a meeting with the visiting Chinese commerce minister

Finance Adviser Salehuddin Ahmed will lead the panel

Five American trade bodies wrote joint letter to Trump

As Tokyo tries to get all levies lifted, its foreign ministry said "discussions toward reaching an agreement have progressed" in Washington

The Purchasing Managers' Index came in at 49.5, according to the National Bureau of Statistics

The doubling of steel and aluminum levies intensifies Trump's global trade war

The Bangladesh Investment Development Authority (Bida) is set to host the China-Bangladesh Conference on Investment and Trade on June 1 as part of efforts to attract foreign investment.

The country paid $3.5 billion in debt during the July-April period of FY25

However, Nvidia Chief Financial Officer Colette Kress warned in an earnings call that export constraints are expected to cost the AI chip titan about $8 billion in the current quarter.

The opinion marks a significant setback to the Republican leader

Youth unemployment in Bangladesh will continue to be high -- more than double the national unemployment rate -- with university graduates being the hardest hit, according to the World Employment and Social Outlook (WESO) report released yesterday by the International Labour Organization (ILO).

Nissan is also considering taking out a 1 billion pound ($1.35 billion) syndicated loan guaranteed by UK Export Finance, the report said.

Buying was also boosted by Trump's post on social media saying progress with Brussels was being made.

The first shipment will be sent tomorrow, and a second will follow if China is satisfied

The contacts come after US President Donald Trump threatened Friday, but then postponed, to hit EU goods with a huge tariff, voicing frustration that talks with the EU were "going nowhere".

"Now, and for the rest of this decade, China will be more debt collector than banker to the developing world"

Vietnamese airline Vietjet Air said Monday it will buy 20 widebody Airbus A330-900 planes, doubling its order from the aviation giant in a deal worth an estimated $8 billion.

Although the National Board of Revenue (NBR) resumed regular operations yesterday after nearly two weeks of protests and work abstentions, ship and container congestion has once again gripped the Chattogram Port, triggering concern among businesses over potential delays in cargo handling and increased logistics costs.