Dhaka, March 26 -- In mid-February of this year President Donald Trump has declared his plan to impose reciprocal tariff on the entire world. He wants to launch it from the first day of the new fiscal year 2025-26. The US Department of Commerce has already started working on it.

Financial analysts claim that if this plan is finally implemented, a big change will occur in international trade. It will push the world economy back by about 100 years because it will be imposed selectively on friendly or enemy countries.

There is a strong risk that all the rules framed by the World Trade Organization will be dismantled. It will affect his country's international trade also.

In financial terms, the tax that a country levies on imported goods ...