A look at countries that received Trump’s tariff letters
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Bangladesh is one of those nations that face pressure from Washington to decouple their manufacturing industries from Chinese suppliers, according to officials familiar with trade negotiations.
Bangladesh will hold further negotiations with the United States to push for deeper tariff cuts, even as US President Donald Trump slapped a 35% levy on goods from the South Asian nation.
The fear of job losses is rippling through Bangladesh's garment hubs as U.S. President Donald Trump's 35% tariff on the South Asian nation threatens orders from its main export market and crimps the country's biggest industry.
On the first day of Bangladesh-US tariff talks, Bangladesh proposed increasing imports from the US, including cotton, oil, and Boeing aircraft. Meanwhile, the US asked Bangladesh to invest by relocating garment factories to the US.
The first meeting of the second round of negotiations with United States Trade Representative (USTR) officials aims to finalise a draft bilateral trade agreement that could grant Bangladesh an exemption from the 35% tariff imposed by the US. The discussions are expected to continue through Friday.
Bangladesh has proposed to increase imports from the US on the first day of tariff talks between the two countries, a Bangladeshi official said on Thursday
The first day of the second round of three-day tariff talks between Bangladesh and the United States ended in Washington DC on Wednesday. The talks were very comprehensive, touching upon almost all the key aspects of the trade relationships between the two nations,
The majority of the new tariffs announced on Monday closely reflect the rates proposed by President Donald Trump in April.
Dhaka is looking forward to a tariff agreement with Washington DC, which Bangladesh hopes will be mutually beneficial. Shafiqul
Failure to secure a more favourable bilateral agreement by Aug 1 deadline would be a significant blow to the country's export-oriented economy
President Trump is again amping up his trade threats, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. The highlight of his letter barrage late Wednesday was his announcement of a coming 50% tariff on goods from Brazil in a letter sent to its president,