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.
Bangladesh does not want any further escalation in tension with India, as the recent retaliatory moves are affecting bilateral trade
The commerce ministry has convened an inter-ministerial meeting today to work out ways to address India’s restrictions on imports from Bangladesh through land ports.
"This sudden decision could severely disrupt bilateral trade"
Global fashion brands are reaping triple-digit profits on Bangladeshi garments, buying at $3 and selling for three to four times more. Yet, they continue to pressure factories to cut prices further.
Bangladesh should improve garment quality and delivery speed amidst intense competition in global supply chains arising from US President Donald Trump’s recent reciprocal tariffs, said some international traders yesterday..Bangladesh has the opportunity to retain its competitive edge due t
Bangladesh will propose lowering the import tariff for certain American goods and increasing the volume of imports of some items as part of the efforts to narrow the trade gap with the US, which elicited a fresh 37 percent reciprocal tariff from the Trump administration.
Building a warehouse facility in Bangladesh for US soybean products can boost its import and help reduce the bilateral trade gap, Bangladeshi traders said at the Sustainasummit and Aqua Tech Talks in Sri Lanka.
Bangladeshi traders say at global summit in Sri Lanka
The country’s flagship textiles and readymade garments (RMG) industries are reeling from a crippling gas crisis, threatening an estimated $70 billion in investments amid mounting global trade uncertainty over new US tariffs.
Bangladesh will send the work plan to the United States Trade Representative (USTR) within the next week to reduce the trade gap as part of the efforts to bring down Trump’s reciprocal tariff, currently on pause until July 9.
