The new tariff on US-bound exports from Bangladesh came into effect yesterday, with hopes of maintaining a healthy flow of garment shipments to the American market.
US President Donald Trump imposed an additional 25 percent tariff on Indian goods, citing New Delhi’s continued imports of Russian oil in a move that sharply escalated tensions between the two nations after trade talks reached a deadlock.
The new 20 percent reciprocal tariff by the United States on Bangladeshi exports to the American market will come into effect tonight, which may open up opportunities for the country’s apparel sector as it adapts to evolving global trade dynamics.
Under the new policy, Bangladesh will face a 20 percent tariff
The order, according to Reuters, lists higher import duty rates ranging from 10 percent to 41 percent for 69 trading partners
Bangladesh has welcomed the outcome of trade negotiations with Washington, securing a 20 percent tariff rate on its exports to the US under a sweeping new executive order issued by President Donald Trump.
The deal for Dhaka was secured just hours before a midnight deadline set by President Donald Trump
Chief Adviser Prof Muhammad Yunus yesterday congratulated tariff negotiators for securing a landmark trade deal with the United States, calling it “a decisive diplomatic victory.”
President Donald Trump said on Wednesday the United States will impose a 25 percent tariff on goods imported from India starting on August 1.
The new tariff on US-bound exports from Bangladesh came into effect yesterday, with hopes of maintaining a healthy flow of garment shipments to the American market.
US President Donald Trump imposed an additional 25 percent tariff on Indian goods, citing New Delhi’s continued imports of Russian oil in a move that sharply escalated tensions between the two nations after trade talks reached a deadlock.
The new 20 percent reciprocal tariff by the United States on Bangladeshi exports to the American market will come into effect tonight, which may open up opportunities for the country’s apparel sector as it adapts to evolving global trade dynamics.
Under the new policy, Bangladesh will face a 20 percent tariff
The order, according to Reuters, lists higher import duty rates ranging from 10 percent to 41 percent for 69 trading partners
Bangladesh has welcomed the outcome of trade negotiations with Washington, securing a 20 percent tariff rate on its exports to the US under a sweeping new executive order issued by President Donald Trump.
The deal for Dhaka was secured just hours before a midnight deadline set by President Donald Trump
Chief Adviser Prof Muhammad Yunus yesterday congratulated tariff negotiators for securing a landmark trade deal with the United States, calling it “a decisive diplomatic victory.”
President Donald Trump said on Wednesday the United States will impose a 25 percent tariff on goods imported from India starting on August 1.
It is apprehended that the US’s high tariffs on major global exporters of agricultural products, raw materials, intermediate products and finished goods, such as Brazil, Canada, China and India, would make those products available at lower prices in non-US markets.
