- The US imposed a 37% tariff on Bangladeshi imports under Trump’s “Reciprocal Tariffs” policy.
- The US claims Bangladesh imposes a 74% tariff on American goods.
- Bangladesh’s National Board of Revenue is reviewing its tariff structures.
- The US remains Bangladesh’s largest export destination.
- Other countries face higher tariffs; Vietnam at 46%, Cambodia at 49%.
On April 2, 2025, the United States announced a 37% tariff on imports from Bangladesh. This is part of President Trump’s “Reciprocal Tariffs” policy.
The policy aims to counter what the US sees as unfair trade practices. The US claims that Bangladesh imposes a 74% tariff on American goods, prompting this move.
In response, Shafiqul Alam, Chief Adviser’s Press Secretary, said Bangladesh is reviewing its tariffs on US imports. The National Board of Revenue is working to address the situation quickly.
Impact on Bangladesh’s Economy
The US is a key market for Bangladesh, especially for its ready-made garment (RMG) sector. In fact, RMG makes up over 80% of Bangladesh’s total exports, which is a huge contribution to its economy.
However, if tariffs rise, US buyers may face higher costs. As a result, they could reduce orders or change where they source their goods from. This would, of course, be a serious concern for Bangladesh’s economy.
Moreover, Bangladesh is not the only country affected by increased tariffs. For instance, Vietnam and Cambodia are also facing higher tariffs, with rates at 46% and 49%, respectively. These measures aim to correct trade imbalances.
Finally, the US recently imposed a 37% tariff on Bangladeshi imports. In response, Bangladesh will now review its tariff structures. Ultimately, the outcome will have significant effects on both the economy and trade relations with the US.