US EditionMajor Garment Producer Bangladesh Seeks Deal After 35% US Tariff
BANGLADESH, JUL 8 – Bangladesh's garment sector faces a 35% US tariff amid trade deficit concerns, with exports to the US growing over 40% from 2020 to 2024, as negotiations aim to reduce the levy.
- Bangladesh, the world's second-largest garment manufacturer, aims to reduce the 35% tariff imposed by the US on its exports.
- The garment industry accounts for 80% of Bangladesh's exports, and the US tariff could lead to job losses as the US is its main export market.
- Bangladesh proposed buying Boeing planes and boosting imports of US wheat, cotton, and oil to reduce the trade deficit cited by Trump as justification for the tariffs.
70 Articles
70 Articles
Bangladesh-US Tariff Talks: A Bid for Increased Imports and Garment Industry Relocation
Bangladesh-US Tariff Talks: A Bid for Increased Imports and Garment Industry Relocation In a significant development during the tariff talks, Bangladesh has made a proposal to ramp up imports from the United States, according to a Bangladeshi official who spoke with ANI on Thursday. Items such as cotton, oil, Boeing aircraft, and soybeans were highlighted as key US exports that Bangladesh aims to increase, marking the first day of negotiations.C…
Bangladesh’s garment industry eying GCC growth as exports to Saudi
DHAKA: Bangladesh’s ready-made garment industry is seeing growing demand in Saudi Arabia, industry leaders say, as they look to the Kingdom as a key market for expansion in the Gulf region. The garment sector is a key driver of the Bangladeshi economy. The country is one of the largest garment exporters in the world, second only to China. The industry accounts for more than 80
After Donald Trump Imposes 35% Tariff, Bangladesh Hopes For A Deal
Bangladesh, the world's second-biggest garment manufacturer, holds hope to reduce the 35 percent tariff that US President Donald Trump said he will impose, the country's top commerce official told AFP on Tuesday.
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