Iqbal Hossain
The storm of displeasure was begun world-wide in Trump’s declaration of reciprocal tariff while I began to write this writing. But Trump has suddenly put off the tariff-imposing for 90 days on last Wednesday. Trump, in declaration in the Truth Social has said, ‘The tariff on all countries will remain cessation for 90 days. But only for China 125% tariff has been fixed increasing from 104%. That is say it  takes form in real that was thinking impossible even 24 hours before. Yet it can be discussed here in brief what situation was created world-wide by Trump’s declaration. President Donald Trump of United States has given a declaration of imposing tariff from 10% to 54% on mostly imported commodities of the country. Washington did not impose too much high tariff within the last century. The experts are suspecting that a trade-war can be started world-wide due to this decision that has recently been taken. Nearly 34% tariff has been imposed on China-commodities. The total 54% tariff has been imposed for Beijing including 20% that was imposed by Trump some days ago. The long times friends of US are also not secure from the hit of Trump’s economic weapon. Such as: 20% tariff on European Union and 24% tariff has been imposed on Japan-commodities. Besides, 46% on Vietnam, 32% on Taiwan, 26% on India, 25% on South Korea, 36% on Thailand, 32% on Indonesia, 24% on Malaysia, 49% on Cambodia, 37% on Bangladesh, 10% on Singapore, 17% on Philpine, 29% on Pakistan, 44% on Sri Lanka, 44% on Myanmar, 48% on Laos, 10% Kosovo, 31% on Switzerland, 10% on UK, 15% on Norway, 10% on Ukraine, 10% on
Australia etc. have been imposed. The base rate of tariff will be effective from April 5 and high reciprocal
tariff will be effective from April 9. But there is no name of some more countries including in the Trump’s last tariff-list Russia, Canada, `Mexico, North Korea and Kuba. United States imposed 25% tariff in the commodities of Canada and
Mexico before it. Trump has imposed 10% tariff on Canada’s fuel. Though those commodities are till
now free from control of new tariff those go into US under the US-Mexico-Canada agreement. But new
tariff on transports and other commodities will be effective from April 5. a certain officer of the White
House has explained the cause of not remaining Russia, North Korea, Quba and Belarush’s name in the

last list. He has said that US has imposed big-size sanction on these countries at the outset. For that
reason the trade-issue of US is very little with these countries.
The US economist Olu Sonola has said, ‘If this tariff is effective for long times then throws all economic
forecasts into the window. It is not only for US, rather can be the cause of suffering for whole the world.
This extensive tariff-issue makes silent long the times’ friend-countries of US. They mind that a new
trade-obstacle will be made surrounding the highest consumer economy of the world that is an opposite
of trade-generous rule of last some decades. The trade-partners can inform the counter reaction that
can increase the price of different commodities extensively. On the other hand US Finance Minister
Scott Besent urged all not to take step of revenge.
The crash has been seen in world-wide in the share markets due to Trump’s declaration of imposing
tariff. Its influence has come down in all kinds of markets. The share markets have hit many countries
seriously like China,Taiwan, South Korea, Austria, Vietnam including US.
United States has given declaration of imposing 37% tariff on Bangladesh’s commodities. Bangladesh
has now to pay 3.7 dollars in exporting a T-shirt of which price is 10 dollars. But it used to pay 1.5 dollars
as the tariff before. As a result, that T-shirt has to buy 13.7 dollars in the US markets. Due to price hike
the market can be contracted decreasing of buyer demand. For that reason the country’s exporting
sector can be come down in risk extensively.
It has known from EPB that the commodities of 760 dollars have been exported in the US markets in
2023-2024 fiscal year. The readymade garment was 90% among them. It has been fixed the target of
exporting commodities of 699 dollars in the current fiscal year. There is a suspicion of come down in
serious risk. But the tariff rate of some competitor countries has been imposed more from Bangladesh. The economists, exporters and experts are making comments that in the initiative of Trump-
administration the risk is more but advantage is a few.
The economists and experts mind due to imposing excess tariffs the foreign buyers can press for coming
down commodities prices. The buyer’s demand will all come down due to price hike of commodities in
the US markets. In this situation the contest-ability has to increase coming down of business
expenditure. Besides, the economists and experts have advised to give an eye to the regional markets
coming down reliance of US reforming in business-trade sector including trace of alternative markets in the field of export readymade garment.
The world-leaders have criticized for trump’s imposing excess tariff on commodities those are imported from different countries. Many countries have given title this new tariff-imposing as the ‘trade-war’. The world-leaders’ exposition, ‘The decision of suppressing excess tariff on commercial partners is wrong and unreasonable’. Prime Minister of Italy did not take the Trump’s declaration of imposing tariff honestly. He, giving wrong
title the 20% tariff that has been imposed on European Union has said, ‘This tariff-imposing will not be
proper for any side. He will work to come in understanding with US to avoid the trade-war’. The Prime

Minister of Spain has said, ‘Spain will pay security its companies and workers and will remain promised
to open world’. The Commerce Minister of Ireland has said, ‘He is ready to understand with US’. Even in
spite of a little tariff-imposing on Australia Prime Minister Anthoney Albaing, informing grievance has
said, ‘This tariff is unreasonable to impose on his country’s commodities’. He has also said, ‘US has to
pay a great value for it, but his government will not take counter decision’. China is the biggest
commercial competitor of US. Trump has imposed 34% tariff on this country. Beijing has said, ‘They are
strongly rejecting the new tariff-imposing’. But in the meantime nearly 50 countries have sent letters to
Trump for reconsideration the issue.
The writer is a columnist and retired deputy director of Bangladesh Shilpakala
Academy

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