The United States is Bangladesh’s third-largest trading partner after China and India. It has imposed a 37 percent tariff on goods imported from the South Asian nation.

By Ruma Paul, Uditha Jayasinghe and Dhwani Pandya DHAKA/COLOMBO/MUMBAI (Reuters) - Bangladeshi garment exporter Shahidullah Azim woke up on Thursday to the shock of U.S. President Donald Trump slapping a 37% tariff on his country's exports,

Wall Street suffers its worst day since 2020 but the White House tells investors to "trust in President Trump".

President Donald Trump will announce a new wave of tariffs against many major U.S. trade partners Wednesday in what he calls "Liberation Day."

White House trade adviser Peter Navarro has suggested that the new tariffs would raise $600 billion annually, which would be the largest tax increase since World War II. Treasury

Tariffs are taxes charged on goods imported from other countries. Companies bringing the goods into the country pay the amount, typically a percentage of the goods' value, to the government. Trump has announced a 10% "baseline" tariff on all imports to the US – this is what the UK will face.

President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.

President Donald Trump has dubbed April 2, the day many of his major tariffs will take effect, "Liberation Day." Still, the reality of the situation will be a lot less grandiose for everyday people.

President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.