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Bangladeshi exporters have expressed renewed concern following U.S. President Donald Trump’s abrupt decision to increase a planned global tariff from 10 percent to 15 percent within 24 hours. The tariff, announced for 150 days after a Supreme Court ruling that invalidated Trump’s earlier reciprocal tariffs, has created uncertainty about when it will take effect. Although the new rate remains below the 19 percent set under the Bangladesh-U.S. trade agreement, exporters say the policy volatility poses long-term risks.
Commerce Secretary Mahbubur Rahman said the previous reciprocal tariff’s cancellation means the current trade deal with the U.S. will also lapse. However, trade experts caution that Bangladesh cannot easily withdraw from such agreements without facing pressure in global forums. Policy Exchange of Bangladesh Chairman Dr. M. Masrur Reaz noted that the Supreme Court’s ruling removes the threat of a 37.5 percent counter-tariff, opening room for renegotiation of unfavorable terms.
Market analysts believe the 15 percent tariff could temporarily benefit Bangladesh’s apparel exports by lowering import costs for U.S. buyers, but competition from China, Vietnam, and India is expected to intensify once the new structure takes effect.
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