President Trump has instituted a 37 percent tariff on Bangladeshi goods, a drastic increase from 15 percent. This change is part of broader tariffs affecting over 100 countries and presents a serious threat to Bangladesh’s key garment sector, which heavily relies on U.S. exports.
On April 3, 2025, President Donald Trump declared a new set of tariffs affecting products from over 100 countries, which includes a significant 37 percent tariff on goods imported from Bangladesh. This new duty comes after previously being averaged at 15 percent, effectively more than doubling the cost for Bangladeshi exports entering the United States.
The imposition of these tariffs poses a substantial threat to Bangladesh’s prominent garment industry, as the US remains the largest market for its readymade garments. In 2024 alone, Bangladesh exported approximately $8.4 billion worth of goods to the US, with $7.34 billion stemming from readymade garments.
At a White House press conference, President Trump referred to the announcement as the US’s “Economic Liberation Day,” noting that this move had been anticipated for some time. The White House also disclosed that Bangladesh levies tariffs as high as 74 percent on American products, prompting the US decision to implement a reduced supplementary tariff of 37 percent on Bangladeshi imports.
The recent decision by President Trump to impose a 37 percent tariff on Bangladeshi goods reflects a significant increase from the previous rate of 15 percent. Given that Bangladesh’s garment sector constitutes a substantial portion of its exports to the US, the new tariffs are expected to greatly impact the country’s economy. This measure also surfaces amid a backdrop of reciprocal tariff structures between the two nations.
Original Source: bdnews24.com
