Bangladesh’s Exporters Welcome US Tariff Reduction, but Concerns Linger over Competitiveness | Trade Data News Bangladesh

Bangladesh’s exporters welcome US tariff reduction, but concerns linger over competitiveness | Trade Data News Bangladesh

Bangladesh’s exporters expressed cautious optimism following the United States’ decision to slash tariffs on Bangladeshi goods from 35% to 20%, offering some breathing space amid ongoing global trade challenges. However, industry insiders warned that the new tariff rate still poses significant hurdles, with fears that increased costs could impact competitiveness and export volumes. The US […] The post Bangladesh’s exporters welcome US tariff red…

US Tariff reduction to 20% 'a relief': BGMEA President

President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Mahmud Hasan Khan, has welcomed the recent decision by the United States to reduce the reciprocal tariff on Bangladeshi exports from 35 percent to 20 percent. Figure: Mahmud Hasan Khan, President, BGMEA In a statement issued on Friday, Khan described the move as a significant relief for the country’s garment sector, which has been grappling with uncertainty over…