If Bangladesh can withstand increased tariffs, it stands to gain significantly, with potential order shifts from China and Vietnam. The U.S. has imposed nearly equal tariffs on Bangladesh and its competitors except China, preserving Bangladesh’s global competitiveness. Industry leaders thank the U.S. for a fair tariff system and urge local entrepreneurs to enhance skills and educate buyers about cost impacts. Despite possible price rises and order fluctuations, strong negotiation remains key. Success could lead to a long-term boost in garment exports.
If Bangladesh can withstand the challenge of increased tariffs, it will emerge as a beneficiary. Fazle Shamim Ehsan, Executive President of the Knitwear Manufacturers and Exporters Association (BKMEA), believes there is a possibility of orders shifting from China and Vietnam to Bangladesh in the long run.
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