New Delhi, July 8 -- Bangladesh's stock market shrugged off the imposition of 35% fresh tariffs by US President Donald Trump as key benchmark indices of the Dhaka Stock Exchange closed higher on Tuesday.

In his first set of letters to key trading partners, Trump announced levies on several Asian economies. While he announced 25% tariffs on goods from Japan and South Korea, rates for Bangladesh, Indonesia and Thailand are set at over 30%. However, the US president signed an executive order holding off the new duties until August 1, giving trading partners like Bangladesh to negotiate these agreements.

According to a Bloomberg report, Bangladesh will hold further negotiations with the United States to push for deeper tariff cuts, even as ...