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Tags : US tariff


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RMG exporters seek clarity on US tariffs

Bangladesh’s readymade garment exporters have sought detailed clarification and an implementation mechanism regarding a recent United States executive order that allows a 20 per cent reciprocal tariff on Bangladeshi goods to be reduced if at least 20 per cent US-origin content or raw materials are used...

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Taiwan plans $18b for ‘resilience’ to tariffs, China

Taiwan’s government plans to spend $18 billion on strengthening the island’s ‘resilience’, including helping industries hit by US tariffs and boosting its defences against Chinese threats, the cabinet said Thursday...

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Bangladesh can gain add’l $2b export orders

Bangladesh can gain additional $1.2-$2.32 billion worth of export orders in the 2025-26 financial year shifted from India and China due to higher tariffs imposed on these countries by the Trump administration.

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50pc US tariffs on Indian goods take effect

US tariffs of 50 per cent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil...

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Modi dangles tax cuts as US tariffs loom

Indian prime minister Narendra Modi’s push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say...

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PlayStation prices rise as US tariffs bite

Sony on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by $50 in the United States due to a ‘challenging economic environment.’...

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EU gets 15pc US tariff for cars

Details of a US-EU trade deal published Thursday showed Brussels secured a tariff reduction for cars exported to the United States but failed to win a reprieve for its cherished wine sector...

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Swiss exports fall before huge US tariff

Swiss global exports fell in July but those to the United States rose slightly before president Donald Trump imposed huge tariffs on the Alpine country, official figures showed Thursday...

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US tariffs drown Brazil’s fish industry

When the water pump is switched on, hundreds of tilapia come to the surface of a pond at a Brazilian fish farm. Their final destination is now uncertain because of US President Donald Trump’s stiff tariffs...

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Thyssenkrupp cuts targets as US tariffs weigh

Thyssenkrupp’s shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak demand amid US president Donald Trump’s tariff onslaught...

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India and China eye resumption of border trade

India and China are discussing resuming border trade five years after it was halted, foreign ministry officials on both sides have said, as US tariffs disrupt the global trade order...

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Midsized German firms bet on niche products

While Germany’s big companies groan under the US tariff burden, many small and midsize firms, the backbone of Europe’s top economy, are confident their highly-specialised goods will just keep selling...

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BoE cuts rate as keeps watch over tariffs

The Bank of England on Thursday cut its key interest rate by a quarter point to four per cent, the lowest level in 2.5 years, as it bids to boost a UK economy still threatened by US tariffs...

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Honda Q1 profit hit by tariffs, but lifts annual outlook

Japanese car giant Honda said Wednesday its net profit halved in the first quarter because of US tariffs, but upgraded its annual profit forecast after Tokyo finally hammered out a trade deal with Washington.

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Higher US tariffs kick in for dozens of trading partners

The United States began charging higher tariffs on goods from dozens of trading partners Thursday, in a major escalation of president Donald Trump’s drive to reshape global commerce in America’s favour...

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South Africa eyeing new markets after US tariffs

South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30-per cent trade tariffs, which could cost around 30,000 jobs, officials said Monday...

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Trump tariff rates unlikely to change

New US tariff rates are ‘pretty much set’ with little immediate room for negotiation, Donald Trump’s trade advisor said in remarks aired Sunday, also defending the president’s politically driven levies against Brazil...

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July exports witness 25pc growth to $4.77bn

The export earnings in July, the first month of the 2025-26 financial year, witnessed a 24.9 per cent robust growth to $4.77 billion, mainly driven by readymade garments...

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Gains in US tariff can only be evaluated in light of offers

THE reciprocal tariff that the United States has finally, after three rounds of negotiations in July, imposed on goods import from Bangladesh at 20 per cent, lowered from 35 per cent that the United States on July 8 announced, is viewed as something that has brought about short-term relief. The tariff came into effect on August 1, making Bangladeshi exporters pay a 20 per cent...

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HSBC banks lower profits on higher costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was ‘well positioned’ to deal with the effects of US tariffs...

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Barclays bank profit jumps on US tariff volatility

British bank Barclays posted on Tuesday second quarter profits that beat expectations as traders benefitted from volatility in global markets caused by US president Donald Trump’s tariff blitz...

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European Union resigned to 15pc US tariff

The United States and the European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 per cent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war...

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2.2 lakh tonnes wheat import from US okayed 

The interim government on Wednesday decided to procure 2.20 lakh tonnes of wheat from the United States at Tk 817.57 crore in a bid to avert a high US tariff on Bangladeshi goods...

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General Motors profits fall

Auto giant General Motors reported lower second-quarter profits Tuesday following a $1.1 billion hit from US tariffs but confirmed its full-year forecast...