[🇧🇩] Trump's Victory/Tariff/ Bangladesh

[Saif]

China to support Bangladesh to counter US tariffs

Yao Wen made the remarks at the “DCAB Talk” organised by the Diplomatic Correspondents Association, Bangladesh (DCAB) at National Press Club in Dhaka on Tuesday.

en.prothomalo.com

China to support Bangladesh to counter US tariffs
Diplomatic Correspondent Dhaka
Published: 29 Jul 2025, 22: 36

Chinese Ambassador to Bangladesh Yao Wen addresses the “DCAB Talk” event organised by the Diplomatic Correspondents Association, Bangladesh (DCAB) at National Press Club in Dhaka on 29 July 2025. Collected

Chinese Ambassador to Bangladesh Yao Wen said China views the imposition of tariffs by the United States as part of its effort to expand dominance, and his country will assist Bangladesh to offset the impact of the US’ reciprocal tariffs.

Yao Wen made the remarks at the “DCAB Talk” organised by the Diplomatic Correspondents Association, Bangladesh (DCAB) at National Press Club in Dhaka on Tuesday.

Replying to a query on the US-imposed tariffs, the Chinese ambassador said that China opposes such counter-tariffs. China sees these US measures as part of an attempt to assert hegemony. The imposition of such tariffs undermines the World Trade Organization (WTO) framework and is not conducive to international trade. This is unreasonable, unfair, and unjust, he added.

Ambassador Yao Wen further said China will support Bangladesh under the WTO framework to mitigate the adverse effects of the US’ reciprocal tariffs. He also emphasised the need to expand Bangladesh’s export markets and enhance its export capabilities.

Bangladesh is on track to graduate from the list of Least Developed Countries (LDCs) by 2026. China will continue to provide Bangladesh with duty-free access to 100 per cent of its products until 2028 in order to support this transition,.

DCAB president AKM Moinuddin presided over the event and general secretary Arifuzzaman Mamun delivered the welcome address.​

 

[Saif]

3rd-round tariff talks enter 2nd day

The third round of tariff talks of Bangladesh with the United States entered the second day on Wednesday, just one day before a steep 35 per cent tariff on Bangladeshi exports to the US market comes into effect...

www.newagebd.net

3rd-round tariff talks enter 2nd day
Staff Correspondent 30 July, 2025, 23:58

The third round of tariff talks of Bangladesh with the United States entered the second day on Wednesday, just one day before a steep 35 per cent tariff on Bangladeshi exports to the US market comes into effect.

The Bangladeshi delegation was set to join the second day’s talks with the Office of United States Trade Representative, responsible for developing and promoting US foreign trade policies, at 9:00am (Washington time) on Wednesday, in the hope of reducing the rate of the ‘reciprocal tariff’, according to a social media post by Golam Mortoza, press minister at the Bangladesh embassy in Washington.

On July 8, US president Donald Trump imposed the 35 per cent tariff on Bangladeshi exports, with effect from August 1, on top of sectoral tariffs of up to 15-16 per cent.

The first day of the third and final round of the tariff talks ended with positive responses, said commerce secretary Mahbubur Rahman on Wednesday morning.

Talking to New Age at about 8:00am (Bangladesh time) from Wessington, he said that they had a fruitful discussion with the US on Tuesday.New Age specials

‘As they invited us here in person and we have got positive responses from them, we are hopeful that the tariff imposed on Bangladesh would be reduced,’ he added.

Meanwhile, on Wednesday, in a post on Truth Social, Trump slapped India with a 25 per cent ‘reciprocal tariff’ along with penalty, mainly for importing military equipment and energy from Russia and China.

Mahbubur also said that the United States Trade Representative usually did not hint at anything before everything became official, but their responses indicated that the tariff on Bangladesh would be reduced.

‘We hope the tariff on us would be reduced significantly, but it is not possible to say exactly by how much at this moment,’ he said, adding that they had meetings scheduled for the second day.

The first day of the third round of tariff negotiations began at 12:30pm (Washington time) or 10:30pm (Dhaka time) on Tuesday and ended at 5:30pm (Washington time) on Tuesday or 3:30am on Wednesday (Dhaka time).

Led by commerce adviser Sk Bashir Uddin, national security adviser Khalilur Rahman, commerce secretary Mahbubur Rahman and additional secretary Nazneen Kawshar Chowdhury were also present at the meeting. Some officials also joined virtually.

On the US side, the talks were led by US assistant trade representative Brendan Lynch.

The embassy of Bangladesh in Washington coordinated the negotiation process.

The Bangladeshi delegation, led by the commerce adviser, left Dhaka for Washington Monday evening.

A number of Bangladeshi businesses also travelled to Washington, though they would not attend the meeting. They would seek business-to-business negotiations with US businesses.

Earlier, the second round of tariff discussions ended on July 11, but failed to produce a consensus from either side regarding the tariff policy.

In 2024, Bangladesh exported goods worth about $8.4 billion to the US, of which $7.34 billion accounted for readymade garments. In the year, the country imported US goods worth $2.2 billion.

The US is pressuring Bangladesh to lower the trade deficit in order to secure a ‘favourable’ tariff rate.

Bangladesh plans to purchase 25 Boeing aircraft as part of the trade negotiations with the US.

Earlier, on July 20, Bangladesh signed a memorandum of understanding with the US to import 7 lakh tonnes of wheat annually for the next five years to reduce the trade deficit with the US.

On July 23, the interim government decided to procure 2.20 lakh tonnes of wheat from the US at $302.75 a tonne.

Recently, the Trump administration has revised down the tariffs on Indonesia and Vietnam to 19 per cent and 20 per cent per cent, respectively. Both the countries are Bangladesh’s competitors in the global RMG export market.

Earlier, on April 3, the US had imposed a 37 per cent ‘reciprocal’ tariff on Bangladeshi exports, but on April 9 the US president declared a pause on the tariff for three months.

After the pause, Bangladesh entered into the first round of tariff talks with the US.​

 

[Saif]

Trump tariff and the impending catastrophe for many nations

The so-called "reciprocal tariff" policy of the U.S. administration has already emerged as a potentially destabilising force in global trade -- arguably more damaging than any recent disruption. While third world countries are likely to suffer the worst consequences, particularly those like B

thefinancialexpress.com.bd

Trump tariff and the impending catastrophe for many nations

Published :
Aug 01, 2025 00:35
Updated :
Aug 01, 2025 00:35

The so-called "reciprocal tariff" policy of the U.S. administration has already emerged as a potentially destabilising force in global trade -- arguably more damaging than any recent disruption. While third world countries are likely to suffer the worst consequences, particularly those like Bangladesh that enjoy a trade surplus with the U.S., others -- even those with minimal trade ties to the U.S. -- may also face significant fallout. The Asia Floor Wage Alliance (AFWA), a coalition of trade unions representing garment workers across Asia, has raised the alarm, warning that the tariff imposition could trigger a humanitarian crisis and deepen inequality in the global garment industry. In a strongly worded statement, the alliance called for brand accountability, asserting that companies benefiting from outsourced production must not remain silent when tariffs result in factory closures and mass layoffs. "The U.S. government's recent imposition of tariffs on apparel imports from Asia endangers the livelihoods of millions of garment workers -- most of them women -- who already earn poverty-level wages," the statement noted.

Drawing unsettling parallels with the COVID-19 pandemic -- when global brands abandoned their responsibilities, leading to widespread layoffs, unpaid wages, and factory shutdowns -- AFWA cautioned that a similar catastrophe looms. Without proactive intervention, history may well repeat itself. AFWA's Deputy International Coordinator, Wiranta Ginting, emphasised that tariffs should not be wielded as weapons in geopolitical conflicts. While tariffs can be legitimate fiscal tools, they are now being used as punitive measures with little regard for consequences. Realistically, reshoring apparel manufacturing to the U.S. is economically unfeasible due to high production costs, which would render clothing unaffordable for domestic and international consumers alike. AFWA also pointed out that the current U.S. tariff policy does not serve the interests of American labour. Instead, it punishes Asian economies for geopolitical reasons and risks destabilising the region's production base. The alliance warned that such disproportionate measures could incite unhealthy competition among countries and fragment the garment workforce.

In addition to condemning protectionist trade policies, AFWA underscored the need to hold global brands accountable for their sourcing decisions. Rejecting what it described as an exploitative global trade model that enriches brands while plunging workers into poverty and debt, AFWA said that brands must not be allowed to profit from low-wage labour and then disappear when crisis strikes, emphasising that governments should not weaponise trade at the expense of human lives. The alliance called for a vision rooted in balanced industrial development and equitable revenue distribution.

There is little room to dispute the merit of AFWA's concerns. The so-called reciprocal tariff undermines the rule-based international trading system, one that strives for equity and cooperation. As things stand, the prospects of avoiding a looming crisis appear slim. For Bangladesh, the situation is particularly alarming. With an economy heavily reliant on apparel exports -- and the U.S. as its largest single market -- the fallout from these tariffs could prove devastating.​

 

[Saif]

US cuts tariffs on Bangladesh to 20% after talks

The deal for Dhaka was secured just hours before a midnight deadline set by President Donald Trump

www.thedailystar.net

US cuts tariffs on Bangladesh to 20% after talks

The United States has slashed its tariff rate on goods from Bangladesh to 20 percent, a significant reduction from the previous 35 percent, after a final round of intense negotiations in Washington.

The White House confirmed the new rate on Friday, a move expected to provide a substantial boost to Bangladeshi exports, particularly in the crucial garment sector. The breakthrough came after high-level discussions between Bangladeshi officials and the Office of the United States Trade Representative, the main body overseeing US trade policy.

The deal for Dhaka was secured just hours before a midnight deadline set by President Donald Trump and stands out against a broader protectionist trade policy.

In a separate announcement, the White House said Trump would maintain a minimum global tariff of 10 percent, while imports from countries holding trade surpluses with the US would face duties of 15 percent or higher.

The successful negotiation for Bangladesh presents a stark contrast to the administration's treatment of other key trading partners, notably India.

Washington has threatened New Delhi with tariffs of 25 percent, a figure that would single it out more severely than most major economies, with the exception of Canada, which was hit with 35 percent tariff rate​

 

[Saif]

Tariff cut brings relief, but buyers must bear the cost: BGMEA chief

The President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Mahmud Hasan Khan, has said the recent reduction of US counter-tariffs from 35% to 20% offers relief to the apparel sector after months of uncertainty. “This added tariff must be borne by the importers a

thefinancialexpress.com.bd

Tariff cut brings relief, but buyers must bear the cost: BGMEA chief

FE ONLINE DESK
Published :
Aug 01, 2025 22:36
Updated :
Aug 01, 2025 22:36

The President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Mahmud Hasan Khan, has said the recent reduction of US counter-tariffs from 35% to 20% offers relief to the apparel sector after months of uncertainty.

“This added tariff must be borne by the importers and buyers, not the suppliers,” he stated in a written statement on Friday (August 01), as per local media reports.

Khan noted that while Bangladesh faces 1% higher tariffs than Pakistan, it enjoys a 5% lower rate than India and 10% lower than China, keeping the country competitive.

He warned, however, that buyers might reduce orders if they cannot secure extra financing, as the higher tariff affects their capital flow.

He urged BGMEA members not to absorb these additional costs and emphasised that final consumers in the US would ultimately bear the burden. He also highlighted the need for Bangladesh to meet its trade commitments to avoid future risks.​