To pave the way for negotiations aimed at reducing additional U.S. tariffs, Chief Adviser Muhammad Yunus has approved lowering tariffs on at least 100 import items in the upcoming budget. The decision also includes raising the tax-free income threshold, setting the minimum individual tax at Tk 5,000, and increasing the maximum tax rate to 30%. The National Board of Revenue (NBR) believes this move could help reduce the trade deficit with the U.S., especially on state-only purchases such as oil, gas, weapons, fighter jet parts, and missiles. Notably, the U.S. had previously imposed an additional 37% duty, raising total tariffs on Bangladeshi products to 52%.