Trump announces 37pc tariff on Bangladeshi goods

The United States has imposed a 37 per cent reciprocal tariff on goods imported from Bangladesh.

As part of a broader policy to adjust tariffs on products from various countries, US President Donald Trump announced the new tariff measure.

Previously, Bangladeshi exports to the US faced an average tariff of approximately 15 per cent.

The United States is one of Bangladesh’s largest export markets, with a significant portion of shipments consisting of ready-made garments (RMG). Bangladesh exports approximately $8.4 billion worth of goods to the US annually, with apparel accounting for the majority.

Last year, garment exports to the US totaled $7.34 billion.

The newly imposed high tariffs could severely impact Bangladesh’s export sector, particularly the garment industry.

Referring to the tariff hikes, President Trump stated that many countries impose heavy tariffs on US goods, and in some cases, non-tariff barriers create even worse conditions.

He also accused several nations of violating US intellectual property rights and imposing restrictions against American businesses.

Here is the list of reciprocal tariffs that Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

South Africa: 30%

Brazil: 10%

Bangladesh: 37%

Singapore: 10%

Israel: 17%

Philippines: 17%

Chile: 10%

Australia: 10%

Pakistan: 29%

Turkey: 10%

Sri Lanka: 44%

Colombia: 10%