Tariff Relief for Bangladesh: US cuts rates to 19%, offers duty-free access to some garments, here's all you need to know - News Summed Up

Tariff Relief for Bangladesh: US cuts rates to 19%, offers duty-free access to some garments, here's all you need to know


Bangladesh has secured a 19% tariff on exports to the US, down from the initial 37% proposed by Washington in April, under a new trade agreement. The United States has reduced reciprocal tariffs on Bangladeshi imports to 19 percent under a new bilateral trade agreement, offering duty-free access to selected textile and apparel goods made with US-produced materials. Trade policy and electionsThe trade agreement comes at a delicate moment, with Bangladesh going to the polls on Thursday after being under an interim administration since August 2024. The interim government has sought to demonstrate economic stability and credibility ahead of the election, with trade policy playing a central role. US commitmentUS Trade Representative Jamieson Greer praised Yunus and the negotiating team for their efforts in concluding the agreement, saying, "This agreement will strengthen Bangladesh's position in US trade policy".


Source: dna February 10, 2026 03:34 UTC



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