Bangladesh has finalized a draft trade agreement with the United States aimed at reducing the bilateral trade imbalance. Commerce Secretary Mahbubur Rahman stated that both parties are optimistic about reaching a mutually beneficial deal before proposed U.S. tariffs take effect. Bangladesh has proposed increasing imports of U.S. wheat, cotton, oil, and Boeing aircraft. Former President Trump had postponed the imposition of a 37% tariff until July 9. In 2024, Bangladesh exported $8.36 billion worth of goods to the U.S. while importing $2.21 billion. So far, 28 meetings and document exchanges have taken place as part of the negotiation process.