For now, development agencies, implementing partners and beneficiaries across Bangladesh face an uncertain future as one of the country’s most significant sources of international development assistance comes to a sudden halt.
The tariff reduction, confirmed by US President Donald Trump following talks with Prime Minister Narendra Modi, effectively withdraws additional duties that had pushed levies on some Indian exports as high as 50 per cent.
The financial turmoil is already rippling through UN agencies, with humanitarian work bearing the brunt. BBC investigations show that agencies rarely receive full funding for crises, but the past year has been exceptionally grim.
The EPA, which enforces federal environmental laws, said it would stop estimating the economic value of health benefits from reducing ozone and fine particulate matter, even though it acknowledges that they contribute to pulmonary disease, heart attacks, and premature deaths.
Leading Bangladesh think tanks and exporters have warned of serious consequences if US president Donald Trump’s administration's additional 35 per cent reciprocal tariff on Bangladeshi goods is imposed.
Trump’s message also came with a warning: any retaliatory tariff by Bangladesh would be matched with further US tariff increases. “Whatever the number you choose to raise them by will be added onto the 35 per cent that we charge,” he stated.
Government sources, however, said trade and export expansion – including talks on the stalled Free Trade Agreement between Sri Lanka and China – is likely to be high on the agenda.
As South Asia grapples with climate vulnerabilities, economic disparities, and historical animosities, initiatives like COVA’s video competition offer a beacon of hope.
As South Asia grapples with climate vulnerabilities, economic disparities, and historical animosities, initiatives like COVA’s video competition offer a beacon of hope.