, April 7 -- The International Chamber of Commerce (ICC) has termed the United States' newly announced reciprocal tariff plan a serious jolt to the global trading system, cautioning that the move could destabilise international commerce if met with retaliatory measures.

At a press briefing held in Dhaka on Monday, ICC Bangladesh President Mahbubur Rahman presented an official statement from ICC Secretary General, following the announcement of the US trade policy shift. The Paris-based ICC is the world's largest business organisation, representing over 45 million companies across more than 170 countries.

"What we've seen today represents a watershed moment in American trade policy that poses severe downside risks to the global economy," ...