In response to additional duties imposed by the United States on Bangladeshi exports, the government is planning to offer tariff relief on 626 products as part of preparations for trade dialogue and to gradually reduce trade imbalances with the US. ""In addition, supplementary duties on 9 products are proposed to be fully withdrawn, while those on 442 products are proposed to be reduced. This will ease the tax burden on citizens and reduce anti-export bias. Under this, Bangladeshi exports to the US would face a 37 percent supplementary duty.Previously, the average US tariff on Bangladeshi goods was about 15 percent. Combined, this would increase the total duty on Bangladeshi exports to 52 percent.Following a request from Bangladesh, the additional 37 percent duty was temporarily suspended for three months.

Source: bd News24 June 02, 2025 16:37 UTC