Dhaka hopes to reach a trade agreement with the United States to reduce the tariff rate following President Donald Trump’s announcement of imposing a 35 percent supplementary duty on Bangladeshi products after a three-month suspension. After returning to power for a second term, Trump announced steep tariff hikes on products from over a hundred countries on Apr 2. Amid growing concern, Chief Advisor Muhammad Yunus sent a letter to Trump requesting a review of the supplementary tariff. Citing measures to reduce trade deficits between the countries, the letter appealed for a three-month suspension in implementing the decision. Like Bangladesh, several other countries began negotiations with the US to reduce tariff rates.

Source: bd News24 July 08, 2025 07:50 UTC