U.S. President Donald Trump announced a new 37 percent tariff on Bangladeshi goods, significantly up from the previous 15 percent. This policy is part of broader tariffs affecting over 100 countries and could severely impact Bangladesh’s garment sector, which heavily depends on the U.S. market, having exported $8.4 billion in goods in 2024.
On April 3, 2025, U.S. President Donald Trump unveiled a significant increase in tariffs affecting products from over 100 countries, targeting Bangladeshi exports with a new 37 percent duty. Previously, the average tariff on Bangladeshi goods was set at 15 percent, indicating a dramatic rise.
The U.S. represents the largest market for Bangladeshi readymade garments, with exports reaching approximately $8.4 billion in 2024, of which $7.34 billion came from garments alone. The increased tariffs pose a serious threat to this crucial sector of the Bangladeshi economy.
During a press conference held at the White House, President Trump proclaimed the announcement as part of the U.S.’s “Economic Liberation Day,” highlighting a long-awaited shift in trade policy. A list from the White House indicated that Bangladesh imposes tariffs on U.S. goods as high as 74 percent, justifying the U.S. response with the new supplementary tariff on Bangladeshi products.
The recent imposition of a 37 percent tariff on Bangladeshi goods by the United States marks a significant increase from the previous average of 15 percent. This new policy, introduced as part of broader tariff reforms, will likely have substantial repercussions for Bangladesh’s garment industry, which is heavily reliant on the U.S. market. President Trump’s announcement aims to address trade imbalances and improve domestic economic conditions.
Original Source: bdnews24.com
