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

[Saif]

CA lauds BD tariff negotiation team

In a message on Friday, Chief Adviser Professor Muhammad Yunus lauded the Bangladesh team for successful negotiations with their US counterpart in Washington. “By reducing the tariff to 20 per cent, 17 points lower than anticipated, our negotiators have demonstrated remarkable strategic skil

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CA lauds BD tariff negotiation team

FE ONLINE REPORT
Published :
Aug 01, 2025 20:10
Updated :
Aug 01, 2025 20:10

In a message on Friday, Chief Adviser Professor Muhammad Yunus lauded the Bangladesh team for successful negotiations with their US counterpart in Washington.

“By reducing the tariff to 20 per cent, 17 points lower than anticipated, our negotiators have demonstrated remarkable strategic skill and unwavering commitment to safeguarding and advancing Bangladesh’s economic interests”, he said.

“We proudly congratulate the Bangladesh tariff negotiators on securing a landmark trade deal with the United States, a decisive diplomatic victory”.

They have been working relentlessly since February and navigated successfully through a complex negotiating process involving tariff, non-tariff and national security matters, De Yunus added.

“The agreement they negotiated preserves our comparative advantage, enhances our access to the world’s largest consumer market and safeguards our core national interests”.

“This achievement not only underscores Bangladesh’s rising strength on the global stage but also opens the door to greater opportunities, accelerated growth, and lasting prosperity”.

“The future of Bangladesh is undeniably bright. Today’s success stands as a powerful testament to the nation’s resilience and its bold vision for a stronger economy tomorrow”.​

 

[Saif]

Jamaat Ameer thanks President Trump for tariff cut

Bangladesh Jamaat-e-Islami Ameer Shafiqur Rahman on Friday thanked United States (US) President Donald Trump for his decision to lower its reciprocal tariff on Bangladeshi products from 35 percent to 20 percent. Shafiqur Rahman also thanked the interim government led by Professor Dr. Muhammad Yunu

thefinancialexpress.com.bd

Jamaat Ameer thanks President Trump for tariff cut

Published :
Aug 01, 2025 19:25
Updated :
Aug 01, 2025 19:25

Bangladesh Jamaat-e-Islami Ameer Shafiqur Rahman on Friday thanked United States (US) President Donald Trump for his decision to lower its reciprocal tariff on Bangladeshi products from 35 percent to 20 percent.

Shafiqur Rahman also thanked the interim government led by Professor Dr. Muhammad Yunus for the landmark trade deal with the US, reports BSS.

“Alhamdulillah, the high tax rate announced by the US on Bangladesh’s export products has been reduced to 20 percent due to the effective initiatives of the Bangladesh government and the sincerity of the US government. For this, I thank President Donald Trump and Professor Dr. Muhammad Yunus’ government,” he said in a post on his verified Facebook ID.

He hoped that in the future, Dr. Muhammad Yunus and those who will come to the power of the state will maintain their honorable position and fulfill their dignified duties in the arena of world diplomacy.

The US has reduced 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 announcement was made by the White House today, after the final round of the talks in Washington DC between Bangladeshi officials and the Office of the United States Trade Representative (USTR), the main body responsible for overseeing US trade policy.​

 

[Saif]

US tariff cut on Bangladesh exports ‘satisfactory for now’, says Amir Khosru

BNP leader Amir Khosru Mahmud Chowdhury believes the Trump administration’s decision to reduce reciprocal tariffs on Bangladeshi exports from 35 per cent to 20 per cent is a “satisfactory outcome” for the export sector, according to bdnews24.com. “This isn’t about vic

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US tariff cut on Bangladesh exports ‘satisfactory for now’, says Amir Khosru

Published :
Aug 01, 2025 17:48
Updated :
Aug 01, 2025 17:54

BNP leader Amir Khosru Mahmud Chowdhury believes the Trump administration’s decision to reduce reciprocal tariffs on Bangladeshi exports from 35 per cent to 20 per cent is a “satisfactory outcome” for the export sector, according to bdnews24.com.

“This isn’t about victory or defeat. Given the tariff levels [facing Bangladesh's competitors], we are now in a relatively satisfactory position," the former commerce minister told reporters at his Gulshan residence on Friday.

“The tariff rate now aligns with those imposed on our competitors, and that’s acceptable. It’s satisfactory.”

However, the true implications will only become clear once the finer points of the negotiations are revealed, according to him.

“All we know is the tariff rate. Only after understanding the full scope of the negotiations can we comment further. Until we know what had to be given up in return for this reduction, we cannot assess the true impact.”

The revised tariff is part of a broader restructuring of US trade policy affecting several trading partners. For instance, the rate for Sri Lanka was lowered from 30 per cent to 20 per cent, while Pakistan’s rate dropped from 29 per cent to 19 per cent. Tariff rates for Bangladesh's other competitors Vietnam and India now stand at 20 per cent and 25 per cent, respectively.

Amir Khosru emphasised that trade deals are rarely confined to just a figure. He suggested the reduction likely came as part of a broader agreement involving other terms, such as potential US exports or specific conditions. These must be disclosed before a full evaluation can be made.

When asked if the revised tariff had brought relief to Bangladeshi exporters, he said: “The 20 per cent tariff will not hinder our export market at the moment. So for now, it’s a satisfactory outcome.”

“But there are many other aspects related to this that we don’t yet know. Once we do, we can make more informed comments.”

When asked if he saw a link between the new tariff rate and Bangladesh’s recent indication to purchase 25 Boeing aircraft from the US, he said: “Something had to be done. The entire US tariff approach is based on ensuring exports of American products. That’s the reason behind the imposition of these extra tariffs.”

“But the real discussion is about how much Bangladesh can absorb -- how much our economy and businesses can absorb. We can comment only after evaluating all of this in detail.”

He continued, “We must keep in mind that this isn’t just about tariffs. There are other elements involved that must be considered collectively. That broader perspective is vital for the days ahead.”

“For now, I believe our exporters are experiencing some relief."

He urged the interim government to provide clarity on the matter.

“We don't just trade with the US. We export to many countries. We need to evaluate where we stand globally in light of this and conduct a thorough review.”

“At the same time, we need to diversify our exports, both in terms of destinations and products. We cannot have an economy that’s overly dependent on the US. That is our challenge for the future.”

To meet the challenge, Bangladesh needs to improve its investment climate, boost public participation in the economy, and build capacity, according to Khosru.

"We need change through deregulation, reevaluation, and major reforms. That’s the direction we must take in the days ahead.”​

 

[Saif]

A trade triumph for Bangladesh

At a time when global trade tensions are running high and tariffs are being used as tools of economic pressure, Bangladesh's achievement in securing a lower duty from the United States is both remarkable and beneficial. The reduction of the reciprocal tariff to 20 per cent from the previously annou

thefinancialexpress.com.bd

A trade triumph for Bangladesh

Published :
Aug 02, 2025 00:22
Updated :
Aug 02, 2025 00:22

At a time when global trade tensions are running high and tariffs are being used as tools of economic pressure, Bangladesh's achievement in securing a lower duty from the United States is both remarkable and beneficial. The reduction of the reciprocal tariff to 20 per cent from the previously announced 37 per cent not only protects Bangladesh's key export sectors from sudden disruption but also strengthens its foothold in the American market. Secured after months of rigorous negotiations, this outcome positions the country favourably alongside other key competitors like Vietnam and Sri Lanka which also face the same 20 per cent rate, while larger economies like India and China will grapple with higher tariffs of 25 per cent or more. The result demonstrates both the diplomatic finesse and clear understanding of global trade dynamics by Bangladesh's negotiating team led by commerce adviser Sk Bashir Uddin. Chief adviser Prof Muhammad Yunus aptly described this as a "landmark trade deal" and a "decisive diplomatic victory" which preserves and advances the country's comparative advantage in an increasingly complex global trade environment.

From an economic standpoint, the reduced tariff acts as an important protection for Bangladesh's export-driven growth model. In particular, the ready-made garment sector which forms the backbone of the country's exports and accounts for a significant share of its shipments to the US stands to take many positives. At the very least, this effectively restores Bangladesh's export position in the $8.0 billion US market to what it was before the tariffs. The Business and Tariff Management Association (BTMA) has also noted that this outcome levels the playing field, if not tilts it slightly in Bangladesh's favour, compared to many other exporting countries. While competitors like Cambodia and Pakistan negotiated a marginally lower 19 per cent tariff, Bangladesh's larger production capacity, well-established supply chains and economies of scale in the ready-made garment sector more than compensate for this slight difference.

The diplomatic success in securing a reduction of the US tariff notwithstanding, the outcome raises important questions about what Bangladesh may have had to offer in return. Media reports suggest the concession was partly achieved through commitments to purchase 25 Boeing aircraft and other American commodities such as wheat and cotton aimed at narrowing the trade imbalance. However, the wisdom of investing heavily in Boeing jets is questionable, especially given Biman Bangladesh Airlines' longstanding reputation for poor service and operational inefficiencies. The airline reportedly experiences an average 23 per cent vacancy rate on international routes. Rather than expanding a struggling civilian fleet, Bangladesh might have prioritised more strategic defence acquisitions such as advanced fighter jets for the Bangladesh Air Force, the aging fleet of which faces safety and operational risks. Notably, Vietnam has reportedly procured F-16s through similar trade negotiations, a move that shows how defence procurement can simultaneously help address trade deficits while enhancing sovereign capabilities.

Furthermore, to make the most of this achievement and the opportunities from the lower tariff, the government must address the challenges facing other export-oriented industries that continue to hold back growth. For instance, the leather and footwear sector remains constrained by the absence of a fully functional Central Effluent Treatment Plant (CETP) in the Savar Tannery Industrial Complex. This sector has the potential to become a major source of foreign exchange, provided compliance and environmental concerns are resolved. Policymakers must undertake the necessary reforms to ensure Bangladesh does not miss the opportunity to diversify its export basket, thus paving the way for sustained economic growth in the years ahead.​

 

[Saif]

Prof Yunus sees bright future for Bangladesh as it secures 20pc US tariff rate

Chief Adviser Prof Muhammad Yunus on Friday said they proudly congratulate the Bangladesh tariff negotiators on securing a landmark trade deal with the United States, a decisive diplomatic victory. "The future of Bangladesh is undeniably bright. Today’s success stands as a powerf

thefinancialexpress.com.bd

Prof Yunus sees bright future for Bangladesh as it secures 20pc US tariff rate

UNB
Published :
Aug 01, 2025 09:37
Updated :
Aug 01, 2025 09:37

Chief Adviser Prof Muhammad Yunus on Friday said they proudly congratulate the Bangladesh tariff negotiators on securing a landmark trade deal with the United States, a decisive diplomatic victory.

"The future of Bangladesh is undeniably bright. Today’s success stands as a powerful testament to the nation’s resilience and its bold vision for a stronger economic tomorrow," Prof Yunus said
in a message after successful tariff negotiations with the United States.
.
By reducing the tariff to 20 per cent, 17 points lower than anticipated, he said their negotiators have demonstrated remarkable strategic skill and unwavering commitment to safeguarding and advancing Bangladesh’s economic interests.

Prof Yunus said they have been working relentlessly since February and navigated successfully through a complex negotiating process involving tariff, non-tariff and national security matters.

"The agreement they negotiated preserves our comparative advantage, enhaces our access to the world's largest consumer market and safeguards our core national interests," he said in his message shared by Deputy Press Secretary Abul Kalam Azad Majumder.

This achievement not only underscores Bangladesh’s rising strength on the global stage but also opens the door to greater opportunities, accelerated growth, and lasting prosperity, Prof Yunus said.​