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Commerce Ministry too calls emergency meeting on Trump’s tariffs

The Bangladesh Ministry of Commerce has called an urgent inter-ministerial meeting tomorrow, Sunday, to determine the course of action regarding the United States' imposition of retaliatory tariffs. The primary objective of this meeting is to review the issue of counter-tariffs and establish the next strategic steps.

This meeting will not be held in person; instead, officials from various ministries and agencies will participate virtually via a Zoom link.

CA convenes emergency meeting on US tariff at 7.30 pm

Chief Adviser Professor Muhammad Yunus has convened an emergency meeting to discuss the US tariff issue at 7.30 pm today at the State Guest House Jamuna here. Top experts, advisers and officials will join the meeting, Chief Adviser's Press Secretary Shafiqul Alam said.
US President Donald Trump announced reciprocal tariffs to match duties put on US goods by other countries, ratcheting up a trade war he kicked off on his return to the White House.

Durin...

Severe heat wave this month likely: Met Office

Bangladesh is likely to experience one or two severe heat waves in the current month, said the Met Office. In its long-range weather outlook for April, Bangladesh Meteorological  Department said 2-4 mild (36-38.9)°C/moderate (38-39.9)°C and 1-2 severe (40-41.9)°C heat waves are likely over the country this month. Rainfall is likely to be below normal over the country, it said.

Besides, 1-2...

NBR looks to expand base of VAT payers

The National Board of Revenue (NBR) has taken a move to expand its Value Added Tax (VAT) base, with a view to increasing revenue collection for the national exchequer. In a meeting chaired by NBR chairman Md Abdur Rahman Khan on Thursday, the field-level officials of Dhaka have been asked to be more active and sincere for improving VAT collection keeping aside the stories of growth.

An official who was present at the meeting said that the NBR chairman has instructed them to expan...

Bangladesh ranks 181st in global passport power index

Bangladesh has been ranked 181st in the 2024 edition of the Nomad Passport Index, released yesterday by global consultancy firm Nomad Capitalist. The index evaluates the strength of 200 passports worldwide, taking into account not only visa-free access but also factors such as taxation, global perception, and personal freedoms.

Bangladeshi passport holders can currently travel to 50 countries either visa-free or by obtaining a visa on arrival. The country scored 38 o...

‘In economic terms, Trump’s tariffs make no sense at all’

From world leaders, to the tiniest manufacturers thousands of miles from Washington, decision-makers across the global economy are racked with uncertainty as they scramble to come to terms with Donald Trump’s historic tariffs.

[caption id="attachment_33395" align="alignleft" width="562"] Donald Trump and China’s President Xi Jinping. China reacted to the tariffs hike with a reciprocal 34% levy, sending markets plummeting[/caption]

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