“Such tariff measures could significantly hurt exports, particularly the RMG sector," said Raihan

His remarks come as Bangladesh is set to face a 37 percent tariff on its exports to the US

"We need a comprehensive review," said Mahfuz Kabir, research director of BIISS

Here is the complete list of countries along with their respective tariff rates

Duties on automotive parts imports will be launched on May 3

China, Canada, Japan, UK, and more react to US tariffs with criticism and retaliation plans

Says the NBR is identifying options to rationalise tariffs expeditiously, which is necessary to address the matter

The reciprocal tariff will be effective from April 9, according to a statement from the White House

Bangladesh’s garment sector, a major export industry and critical employment source, is likely to bear the brunt of this policy.

US government claims Bangladesh effectively imposes a 74 percent tariff on American goods

"The US is our closest ally, so our approach is to remain calm and committed to doing this deal"

"It's our declaration of independence," Trump said

White House told reporters that a "baseline" 10 percent tariff would start on 12:01am (0401 GMT) on April 5

Trump said that a baseline tariff of 10 percent would be imposed on imports from a wide range of other countries

US president unveiled sweeping "Liberation Day" tariffs targeting countries around the world

Japan and South Korea are seeking to import semiconductor raw materials from China

Trump's hyper-focus on tariffs has rattled investor, consumer and business confidence and raised recession fears.

A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China.

Trump and his team have repeatedly bashed the economy that they inherited from Biden

Trump's announcement came one day after a phone call with the CEOs of Ford, GM and Stellantis.