The United States has imposed a retaliatory tariff of 20% on goods imported from Bangladesh, a 15% decrease from the previous 35%. This new rate will be effective starting Friday, August 1, U.S. time.
According to a report by the British news agency Reuters, the new tariff amount was mentioned in a White House announcement. In addition to Bangladesh, several other countries were also included in the list.
Based on the new White House announcement, Washington has imposed tariffs on other countries including Pakistan (19%), Afghanistan (15%), India (25%), Brazil (10%), Indonesia (19%), Malaysia (19%), Myanmar (40%), the Philippines (19%), Sri Lanka (20%), and Vietnam (20%).
Previously, on April 2 of this year, U.S. President Donald Trump imposed high retaliatory tariffs on various countries, citing a trade deficit. At that time, a 35% tariff was placed on Bangladesh. This was in response to Bangladesh's 74% tariff rate on U.S. goods, and was originally scheduled to take effect on August 1.
The tariffs on several countries were later suspended for three months on April 9, allowing Washington to provide an opportunity for discussions on the matter. The third round of talks regarding the U.S. 35% retaliatory tariff began on July 29.
Bangladesh's delegation was led by Commerce Advisor Sheikh Bashiruddin. The joint announcement was made by both sides after the three-day discussion with the Office of the United States Trade Representative (USTR).
