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Trump announced sweeping tariffs on several countries that have caused global markets to crash. Bangladesh was hit by a hefty 37% tariff, which may impact its textile sector.
Bangladesh Chief Adviser Muhammad Yunus and US President Donald Trump. (Reuters/File)
In a significant development, Bangladesh Chief Adviser Muhammad Yunus has reached out to US President Donald Trump, urging him to reconsider the recently imposed reciprocal tariffs on Bangladeshi goods.
In a letter to Trump, Yunus proposed a 50% reduction in tariffs on US exports to Bangladesh and requested Washington to postpone the tariffs on Bangladeshi goods for three months to provide Dhaka with adequate time to implement measures to boost imports from the US.
Trump has announced sweeping tariffs on several countries, ranging from 10% to 50% on imports from dozens of countries and economic regions, including a hefty 37% tariff on Bangladeshi goods. The European Union will face a 20% tariff, while China is subject to 34% reciprocal tariff and India 26% among others.
More to follow…
- Location :
Dhaka, Bangladesh
