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Trump's 35% tariff zaps Bangladesh's $8.4 billion export lifeline Link in comments #DonaldTrump #TrumpTariffs #TrumpTradeWar #TBSNews https://t.co/dphZGHCC8S
The fear of job losses is rippling through Bangladesh's garment hubs as US President Donald Trump's 35% tariff on the South Asian nation threatens orders from its main export market and crimps the country's biggest industry https://t.co/NbLLFT00Rz
The fear of job losses is rippling through Bangladesh's garment hubs as US President Donald Trump's 35% tariff on the South Asian nation threatens orders from its main export market and crimps the country's biggest industry. More here: https://t.co/8xOavFTwcV
US President Donald Trump has announced a 35% tariff on goods imported from Bangladesh, effective August 1, 2025. This tariff rate is a reduction from an initially proposed 37%. The new tariff poses a threat to Bangladesh's export sector, particularly its garment industry, which is a major contributor to the country's economy. In 2024, bilateral trade between the US and Bangladesh totaled $10.6 billion, with Bangladeshi exports accounting for $8.4 billion of that figure. The tariff increase has raised concerns about potential job losses in Bangladesh's garment hubs due to the risk of reduced orders from the US, Bangladesh's primary export market.
