Looming global trade war may affect Bangladesh’s economy and trade particularly exports as the US administration under president Donald Trump is planning to impose additional tariffs on apparel imports.
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Though President Trump has threatened to impose tariffs on steel and aluminum and trading partners have alluded to retaliation on items like Levi’s jeans, textile and apparel imports to the U.S. are on the upswing for, increasing 2.6% to 5.61 billion square meter equivalents (SME) in January over a year earlier.
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CPD RMG Study Stitching a better future for Bangladesh