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Regardless of the news - tariffs for Bangladesh is quite high (though lower than India at 20% apparently).
Concessions agreed for this shakedown has been equally bad for India and Indonesia too, ditto for Vietnam.
The only winner has been Japan at 15% tariff applied.
India had to agree to buy 100 Boeing airplanes, Indonesia 50 of them, even Bangladesh has to buy 25 planes.
BD orders 25 Boeing airplanes as tradeoff
Bangladesh orders the purchase of 25 Boeing airplanes from the United States in a tradeoff package to secure a fairer tariff deal as the US administration imposed prohibitive duties on its exports.Commerce Secretary Mahbubur Rahman Monday apprised reporters at his secretariat office about the...
Plus Bangladesh had to agree to buy US Wheat, Soybean and an almost unlimited amount of cotton to process into clothes for re-export.
I can fully understand Indian leaders' predicaments - they being in a different spot than export-dependent economies like Bangladesh. India is a self-sufficient local-spending-based economy which must be protected from US products invading its shores.
But this means that it cannot be an insular economy and an export powerhouse at the same time.
So - India's exports like IT services and Pharma (also electronics to some extent) may suffer. But to what extent, remains to be seen. Autos are another story, primary export market for Indian-assembled autos are EU and non-US countries.
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