Dhaka, July 8 -- Once a 'rising star' in global trade, Bangladesh now faces uncertainty as President Donald Trump's radical restructuring of US trade policy threatens Dhaka's long-standing 'win-win' relationship with Washington.
Economists and business leaders believe that Bangladesh may lose its once cherished 'win-win' position in the US market following the latest announcement regarding tariffs to be imposed on Bangladeshi goods by Trump.
In April, the US announced a 37% trade tariff on Bangladeshi goods, before placing a 90-day pause on imposing them to allow for negotiations to take place that runs out on Wednesday (July 9).
On Monday, ahead of that deadline, Trump announced a new rate for Bangladeshi that was just a 2% reduction ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.