Top business leaders have expressed frustration over the government’s progress in negotiations with the United States on reciprocal tariffs, saying they are now working to appoint a lobbyist on their own, though doubts remain about whether this last-ditch effort will succeed.
"They are not big countries," says Trump, according to the American political digital newspaper
Bangladesh is currently reviewing the proposals and will send a response within the next couple of days, Commerce Secretary Mahbubur Rahman told The Daily Star yesterday over the phone.
Govt should have been better prepared and more proactive
This is significantly below the 32 percent level the president earlier threatened
It is apprehended that the US’s high tariffs on major global exporters of agricultural products, raw materials, intermediate products and finished goods, such as Brazil, Canada, China and India, would make those products available at lower prices in non-US markets.
At a Star roundtable, industry leaders, trade experts slam govt’s handling of negotiations with US
A steep 35 percent tariff on Bangladeshi garment exports to the United States would affect far more than the country’s $8 billion annual shipments, according to economists and business leaders.
Owners of Chattogram-based readymade garment factories, many of which do business with buyers in the United States, are worried about a US tariff hike to 35 percent set to take effect on August 1.
Top business leaders have expressed frustration over the government’s progress in negotiations with the United States on reciprocal tariffs, saying they are now working to appoint a lobbyist on their own, though doubts remain about whether this last-ditch effort will succeed.
"They are not big countries," says Trump, according to the American political digital newspaper
Bangladesh is currently reviewing the proposals and will send a response within the next couple of days, Commerce Secretary Mahbubur Rahman told The Daily Star yesterday over the phone.
Govt should have been better prepared and more proactive
This is significantly below the 32 percent level the president earlier threatened
It is apprehended that the US’s high tariffs on major global exporters of agricultural products, raw materials, intermediate products and finished goods, such as Brazil, Canada, China and India, would make those products available at lower prices in non-US markets.
At a Star roundtable, industry leaders, trade experts slam govt’s handling of negotiations with US
A steep 35 percent tariff on Bangladeshi garment exports to the United States would affect far more than the country’s $8 billion annual shipments, according to economists and business leaders.
Owners of Chattogram-based readymade garment factories, many of which do business with buyers in the United States, are worried about a US tariff hike to 35 percent set to take effect on August 1.
The diverging outcomes threaten to create a multi-tiered tariff landscape in Asia, placing nations like Bangladesh at a serious disadvantage in the US market.
