MAGA-style 'anti-globalist' politics arrives in Japan
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South China Morning Post
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Millions of jobs at risk as 35% US tariff threatens Bangladesh's garment industry
A proposed 35 per cent US tariff on Bangladesh 's goods could devastate its garment industry and eliminate millions of jobs, observers say, as Dhaka scrambles to avert the looming trade blow. Experts warn the tariff could cripple Bangladesh's export competitiveness and fuel social unrest just as its interim government prepares for a crucial general election. While Dhaka has made efforts to secure concessions from Washington, analysts are sceptical it can avoid the tariff. Bangladesh's ready-made garments industry employs around 4 million people and is the backbone of its economy. It contributes to over 80 per cent of the country's total export earnings, according to data from the Foreign Investors' Chamber of Commerce & Industry in Dhaka. The US is one of the biggest markets for the industry. US President Donald Trump announced that starting on August 1, a 35 per cent tariff would be imposed on Bangladeshi imports – down from 37 per cent that he indicated in April but still more than double the previously proposed 15 per cent. The proposed levy could strip Bangladesh of its price advantage over regional trade rivals such as Vietnam, which faces a lower 20 per cent US tariff, according to analysts. 'If the US implements such a high tariff, then sections of our industry will shut down. Our exports will be in peril. We will be in distress,' said Abdul Wadut, whose firm, Winter Group, exports knitwear and jumpers globally.
South China Morning Post
an hour ago
- South China Morning Post
Hong Kong authorities have ‘ongoing legal duty' to fulfil same-sex couples ruling
Hong Kong authorities have an 'ongoing legal duty' to fulfil their responsibilities related to same-sex relationships in response to a landmark court ruling, even if the city's legislature rejects a proposal to establish a recognition system, the government has said. The government said on Wednesday that the judiciary had not and would not give any direct orders to either the executive or the legislature about fulfilling the ruling. Authorities also argued that the proposal considered the judiciary's requirements and public sentiments. The proposal is the government's answer to a 2023 ruling from the Court of Final Appeal, which gave authorities two years to draw up laws setting out 'core rights' for same-sex couples, but did not outline what they might be. A source told the Post that the government would apply to the court for an extension in fulfilling the ruling, as the deadline of October 27 was drawing near. If passed, it would allow same-sex couples to apply to have their relationship recognised in Hong Kong if they are already registered in another jurisdiction.
South China Morning Post
an hour ago
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Hongkongers want more diagonal pedestrian crossings
Some Hong Kong residents and district councillors have urged transport authorities to speed up the implementation of diagonal pedestrian crossings in places notorious for jaywalking.
