Under the new policy, Bangladesh will face a 20 percent tariff

The order, according to Reuters, lists higher import duty rates ranging from 10 percent to 41 percent for 69 trading partners

Bangladesh has welcomed the outcome of trade negotiations with Washington, securing a 20 percent tariff rate on its exports to the US under a sweeping new executive order issued by President Donald Trump.

The deal for Dhaka was secured just hours before a midnight deadline set by President Donald Trump

Chief Adviser Prof Muhammad Yunus yesterday congratulated tariff negotiators for securing a landmark trade deal with the United States, calling it “a decisive diplomatic victory.”

President Donald Trump said on Wednesday the United States will impose a 25 percent tariff on goods imported from India starting on August 1.

It is apprehended that the US’s high tariffs on major global exporters of agricultural products, raw materials, intermediate products and finished goods, such as Brazil, Canada, China and India, would make those products available at lower prices in non-US markets.

Local apparel makers are seeing delays in the confirmation of work orders for the next summer season, as US retailers and brands wait for the final decision on reciprocal tariffs by the US administration, expected in early July.

Bangladesh should improve garment quality and delivery speed amidst intense competition in global supply chains arising from US President Donald Trump’s recent reciprocal tariffs, said some international traders yesterday..Bangladesh has the opportunity to retain its competitive edge due t

In April, the PMI fell to 52.9 from 61.7 in March

Industry leaders urged the government to urgently address these domestic constraints.

At a roundtable organised by The Daily Star, exporters and an economist urge a swift rethink of trade strategy

The readymade garment (RMG) sector is grappling with a range of internal challenges, including rising interest rates, soaring energy costs, and unreliable gas and electricity supplies, all of which are taking a heavy toll on productivity and profitability.

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