US stocks tumble on tariff, inflation fears
Wall Street stocks slumped to close the week Friday as investors gird for fresh US tariffs and as employment and other data fanned inflation fears...
Tags : Tariff
Shein, Temu face cost of adapting to new US customs rules
US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say...
BoE slashes UK growth outlook amid Trump tariff threat
The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff threats and deteriorating business confidence in the UK...
US tariffs on Canada, Mexico, China spark retaliation threats
President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a 鈥榤ajor threat鈥� from illegal immigration and drugs 鈥� a move that sparked promises of retaliation...
Trump threatens to place 100pc tariffs on BRICS
US president Donald Trump reiterated Thursday his threat to place 100 per cent tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico.
China鈥檚 patience and Trump鈥檚 tariff tactics
PRESIDENT Donald Trump, never one to shy away from a headline-grabbing manoeuvre, on January 21 announced that he was mulling over a 10 per cent tariff on Chinese import, potentially set to take effect on February 1. This move, the latest salvo in the long-simmering trade spat between the world鈥檚 two largest economies, raises eyebrows and questions...
Rajshahi WASA proposes water tariff increase by 30pc
The Rajshahi Water Supply and Sewerage Authority has proposed 30 per cent increase in the water tariffs to reduce subsidies...
US tariff, rate fears rattle global stocks
Stock markets were rattled Wednesday by worries about incoming US president Donald Trump slapping tariffs on imports and the fading prospects for interest rate cuts...
Trudeau battles to hold on after Canada deputy PM resigns
Chrystia Freeland, after nearly a decade of being at Trudeau鈥檚 side, made the surprise announcement on Monday, after disagreeing with the prime minister over Trump鈥檚 tariff proposals...
Trudeau in Florida to meet Trump as tariff threats loom
Canadian prime minister Justin Trudeau traveled to Florida on Friday for a dinner with Donald Trump at the president-elect鈥檚 Mar-a-Lago estate, as the incoming US leader promised tariffs on Canadian imports...
Trump names Scott Bessent as Treasury chief
US president-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs...
Loss in power transmission warrants early attention
LOSSES in power transmission that increased for the second consecutive year in the 2024 financial year are worrying especially in that there is a forecast of further increase for the next few years. What is further worrying is that the losses take place because of a mismatched expansion of the power and industrial sectors. Such transmission losses in the past...
RWASA should, rather, address non-revenue water loss
THE Rajshahi Water Supply and Sewerage Authority tripled the water tariff in February 2022 to cover losses in the production cost. The supply water agency spends Tk 8.90 on the production of a unit of water, or 1,000 litres, and sells it to household consumers for Tk 6.81 a unit and to commercial consumers for Tk 1.366 a unit over a supply network spanning...
Tariff cuts hardly check price hike: Salehuddin
Finance adviser Salehuddin Ahmed on Wednesday said that tariff cuts hardly helped in checking price hike of essentials making majority people impatient...
Unviable treatment plants turn albatross around DWASA鈥檚 neck
THE Dhaka Water Supply and Sewerage Authority, which has continued to incur losses despite increases in water tariff for 15 times since 2009, when the Awami League assumed office to continue for consecutive tenures before its overthrow on August 5, and has struggled to improve the quality of supply water, has now run into a new problem. Two projects...
BTTC suggests waiving import duty on onions
The Bangladesh Trade and Tariff Commission has recommended the National Revenue Board to withdraw the existing 5 per cent customs duty on import of onions to reduce the price of the essential commodity on the local market...
Beijing files WTO complaint over EU鈥檚 new taxes on Chinese EVs
Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union鈥檚 decision to impose hefty tariffs on Chinese-made electric cars...
BTTC suggests waiving import duty on rice
In response to a sharp fall in rice production caused by recent floods, the Bangladesh Trade and Tariff Commission has recommended removing the current import duty on rice to stabilise supply and prices on the local market...
EU states plan Friday vote on Chinese EV tariffs
EU member states are expected to vote on whether to slap hefty tariffs on imported electric cars from China on Friday, European diplomats said on Monday...
Moinul becomes Trade and Tariff Commission chair
National Board of Revenue member (grade-1) Moinul Khan has been appointed as chairman (secretary) of the Trade and Tariff Commission...
Steel sector for easing of tariff rules in raw material import
Businesspeople and entrepreneurs on Saturday urged the interim government chief Muhammad Yunus to take necessary steps for simplification of the product tariff process and...
Trade and Tariff Commission Bill passed in JS amid criticism
The Bangladesh Trade and Tariff Commission (Amendment) Bill 2024 was passed in Jatiya Sangsad on Tuesday with a view to further amending Bangladesh Trade and Tariff Commission Act 1992...
Minimum tariff value of cotton fabrics increased
Finance minister Abul Hassan Mahmood Ali on Thursday proposed rationalising at the import level the minimum value of certain products, including cotton and synthetic fabrics, for imposing duty to safeguard the local industry...
Not enough reason for DWASA to increase water tariff
THE increase in the tariff of supply water for Dhaka by 10 per cent, which will take effect on July 1, would be another burden on people, especially from low- and fixed-income groups, who have already been constrained by soaring inflation...
DWASA to raise water tariff by 10pc from July 1
The Dhaka Water Supply and Sewerage Authorities has decided to raise the water tariff by 10 per cent to be made effective from July 1...
US tariffs on Chinese EVs hurt green transition: XPeng boss
The president of Chinese electric vehicle maker XPeng on Friday criticised the fresh tariffs on Chinese cars imposed by Washington as 鈥榰nfavourable鈥� for the United States鈥� energy transition...