President Trump Imposes 37% Tariff on Bangladeshi Exports

President Donald Trump has introduced a 37 percent tariff on Bangladeshi goods as part of a larger set of US tariffs affecting over 100 countries. This increase from the previous 15 percent rate is expected to impact Bangladesh’s vital garment sector, which heavily relies on the US market, given that it exported $8.4 billion worth of goods to the US in 2024.

On April 3, 2025, President Donald Trump revealed a new series of tariffs affecting products from over 100 countries, including a significant 37 percent tariff on exports from Bangladesh. This increase marks a notable rise from the prior average tariff of 15 percent, effectively more than doubling the duty imposed on Bangladeshi goods.

The United States is the largest consumer of Bangladeshi readymade garments, with the country exporting approximately $8.4 billion worth of goods to the US in 2024. Of this total, $7.34 billion constituted readymade garments, placing the sector at risk due to the newly implemented tariffs.

President Trump made this announcement during a press conference at the White House, branding the event as the US’s “Economic Liberation Day” and indicating the nation had anticipated such changes for an extended period. Furthermore, a White House release revealed that Bangladesh currently imposes tariffs as high as 74 percent on US imports, which prompted the introduction of a 37 percent supplemental tariff on Bangladeshi products entering the United States.

In conclusion, the imposition of a 37 percent tariff on Bangladeshi goods represents a significant escalation in trade tensions between the United States and Bangladesh. This move, part of a broader set of tariffs across multiple countries, poses a potential threat to Bangladesh’s economy, especially its vital garment sector that greatly depends on the US market. As both countries navigate these new tariffs, the implications for trade and economic relations remain to be seen.

Original Source: bdnews24.com