Trump announces 37% tariff on Bangladeshi goods

The United States has imposed a 37% reciprocal tariff on products imported from Bangladesh.

As part of a broader policy to adjust tariffs on products from various countries, US President Donald Trump announced the new tariff measure. Previously, Bangladeshi exports to the US faced an average tariff of approximately 15%.

President Trump made the announcement in a press conference in the White House Rose Garden on Wednesday (April 2) at 4:00 pm local time, according to a Reuters report.

During the press conference, the US president displayed a poster that listed reciprocal tariffs.

Here is the list of reciprocal tariffs that Trump announced:
•    China: 34%
•    European Union: 20%
•    South Korea: 25%
•    India: 26%
•    Vietnam: 46%
•    Taiwan: 32%
•    Japan: 24%
•    Thailand: 36%
•    Switzerland: 31%
•    Indonesia: 32%
•    Malaysia: 24%
•    Cambodia: 49%
•    United Kingdom: 10%
•    South Africa: 30%
•    Brazil: 10%
•    Bangladesh: 37%
•    Singapore: 10%
•    Israel: 17%
•    Philippines: 17%
•    Chile: 10%
•    Australia: 10%
•    Pakistan: 29%
•    Turkey: 10%
•    Sri Lanka: 44%
•    Colombia: 10%

“It’s our declaration of independence,” Trump said at the event in the White House Rose Garden.

The United States is one of Bangladesh’s largest export markets, with a significant portion of shipments consisting of ready-made garments (RMG). Bangladesh exports approximately $8.4 billion worth of goods to the US annually, with apparel accounting for the majority. Last year, garment exports to the US totaled $7.34 billion.

The newly imposed high tariffs could severely impact Bangladesh’s export sector, particularly the garment industry.