Trump begins tariff letter delivery
Dhaka still tries for deal to avert tariff hike
USTR to share Tariff Exemption Schedule with BD in tow days
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Bangladesh is still trying for a deal to avert prohibitive tariffs on exports to the US market while President Trump, basking in “legislative victory”, Friday began delivering tariff-hike letters to countries.
Commerce Secretary Mahbubur Rahman said Thursday’s meeting proved to be “fruitful”.
Following that meeting the USTR is going to share the country’s Tariff Exemption Schedule with Bangladesh within two to three days - possibly by July 8 and 9.
Quoting USTR officials, the commerce secretary also expressed the hope that Bangladesh would be in a good position compared to its competitors on the USA market.
About President Trump’s reciprocal tariff finalisation before the schedule, the USTR representative replied “they do not hope so”, the secretary added.
Another commerce ministry official also hinted that “the deal with Bangladesh is likely to be delayed as the ongoing dialogue takes time”.
The officials also hope that the reciprocal tariffs may get another extension following the previous 90 days.
The commerce secretary was scheduled to fly for the US on July 6 (early morning), but he may need to reschedule his flight as the USTR is going to share a Tariff Exemption Schedule in coming days.
Talking with the FE, economist Dr Masrur Reaz said, “As per our knowledge, the big deal is highly focused on the USA’s internal tariffs.”
He hopes that it will not impact Bangladesh’s trade.