Dhaka, July 11 -- Trade has long been a cornerstone of economic development and international diplomacy. By enabling the exchange of goods, services, and resources, it allows nations to specialize based on comparative advantage-driving efficiency, productivity, and improved living standards. From the ancient Silk Road to today's multilateral trading systems, global trade has not only spurred economic growth but also fostered cultural exchange and strengthened diplomatic ties.

Yet, the foundation of global trade is now under stress. On April 2, 2025, US President Donald Trump announced a sweeping Reciprocal Tariff policy aimed at revitalizing domestic industry, reducing trade deficits, and countering what he described as unfair foreign tr...