Bangladesh Bags Crucial US Trade Deal, Averts Tariff Hike
Bangladesh has secured a significant victory in its trade negotiations with the United States, securing a 20% tariff rate on its apparel exports. This outcome, following intense discussions, averts a potentially crippling 35% tariff that threatened the nation’s crucial garment industry.
The agreement, finalized on August 1, 2025, includes reciprocal commitments from Bangladesh. These involve increased purchases of American goods, ranging from wheat to aircraft.
Government officials hailed the deal as a major boost for Bangladesh’s economy. It strengthens bilateral trade ties and ensures continued access to the lucrative US market, a vital component of the nation’s export strategy.
This development is particularly crucial given the global economic uncertainties. Securing this favourable tariff rate safeguards thousands of jobs within Bangladesh’s apparel sector and reinforces its position as a key player in the global textile market. The long-term implications for economic growth and stability are significant.
