Dhaka, March 25 -- A tariff-a tax on imports-may be a simple concept, but its impact is anything but. This much is known-tariffs distort economies, inflate consumer prices, disrupt global trade, stifle competition, and trigger retaliation from trading partners. They can be wielded as economic weapons, unleashing ripple effects that extend far beyond national borders.

Now, the world braces for the most extreme tariff policy in modern history. Reports indicate that on April 2, 2025, President Trump's so-called 'Liberation Day', the United States (US) will launch an aggressive trade offensive, imposing sweeping reciprocal tariffs on its biggest trading partners. The move is designed to match US tariff rates with those of its foreign competi...