Staff Correspondent:

The Bangladesh Investment Development Authority (Bida) is holding a meeting with business leaders on Saturday (April 5) at its office in Dhaka regarding the tariffs US President Donald Trump imposed on Bangladesh exports to the US.

Leading businessmen, including PRAN Group Chairman Ahsan Khan Chowdhury, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) President Mohammad Hatem, BKMEA Executive President Fazlee Shamim Ehsan, and Mohammadi Group Chairperson Rubana Huq, are present at the meeting.

BKMEA Executive President Ehsan confirmed the matter to The Business Standard.

As of 5:45pm, the meeting is still ongoing.

On Thursday (April 3), US President Donald Trump announced that he will impose reciprocal tariffs to match duties put on US goods by other countries, in a move that ratchets up a trade war that he kicked off on his return to the White House.

During an event in the White House Rose Garden, the US president displayed a poster that listed reciprocal tariffs, including 37% on Bangladesh, 26% on India, 34% on China and 20% on the European Union, as a response to duties put on US goods.