Rather than absorbing the cost or immediately passing it on to consumers, many US apparel retailers and brands have turned to their suppliers in Bangladesh, demanding they share the pain
Exporters' efforts complement the government's strategic deals to lower tariffs
Trump admin has reduced tariffs on Bangladeshi goods from 35% to 20%, a move expected to strengthen the country’s competitiveness against rivals such as India and Vietnam
Under the new policy, Bangladesh will face a 20 percent tariff
The deal for Dhaka was secured just hours before a midnight deadline set by President Donald Trump
As the tariff talks between Bangladesh and the United States wrap up today, Dhaka is expecting a deal that would see tariffs on its exports to the American market well below the steep 35 percent rate imposed by the Trump administration from August 1.
Bangladesh is now racing to finalise a deal before the window closes on August 1.
Trump's unilateral tariffs: Undermining global trade rules for 'America First'
Rather than absorbing the cost or immediately passing it on to consumers, many US apparel retailers and brands have turned to their suppliers in Bangladesh, demanding they share the pain
Exporters' efforts complement the government's strategic deals to lower tariffs
Trump admin has reduced tariffs on Bangladeshi goods from 35% to 20%, a move expected to strengthen the country’s competitiveness against rivals such as India and Vietnam
Under the new policy, Bangladesh will face a 20 percent tariff
The deal for Dhaka was secured just hours before a midnight deadline set by President Donald Trump
As the tariff talks between Bangladesh and the United States wrap up today, Dhaka is expecting a deal that would see tariffs on its exports to the American market well below the steep 35 percent rate imposed by the Trump administration from August 1.
Bangladesh is now racing to finalise a deal before the window closes on August 1.
Trump's unilateral tariffs: Undermining global trade rules for 'America First'
Entrepreneurs in the Bangladesh delegation currently in Washington will once again push for duty-free access to the American market for garments made from US cotton during the final round of tariff negotiations with the Trump administration today.
Increasing soybean imports from the United States could help narrow the trade gap between Bangladesh and its biggest single-nation apparel market, according to an American industry group.
