New Delhi, Feb 16 (IANS) Bangladesh’s reciprocal trade agreement, signed with the United States earlier this month and initially hailed a success, has now attracted criticisms over details – especially the “cotton clause” – that has raised uncertainty, especially among the country’s textile industry, according to an analysis in Bangladeshi media.”The real problem for Bangladesh’s $47 billion garment industry lies deep in the technical details of the new trade deal with the US. When Dhaka…
Latest Reciprocal Tariffs News & Updates
New Delhi, Feb 7 (IANS) As the United States and India finalised an interim trade agreement that reduces US tariffs on Indian goods to 18 per cent, Prime Minister Narendra Modi on Saturday hailed the development, calling it ‘great news’ for both nations. Taking to social media platform X, PM Modi said, “Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties betw…
Washington, Jan 30 (IANS) Industry Minister Kim Jung-kwan said that he and US Commerce Secretary Howard Lutnick concluded the first day of their talks over renewed tariff tension between the two countries without an agreement but they agreed to meet again the next day.Kim and Lutnick held the meeting in Washington, three days after Trump threatened to increase reciprocal tariffs and auto, lumber and pharmaceutical duties on South Korea to 25 per cent from 15 per cent, citing a delay in Seoul’s l…