Refayet Ullah Mirdha

The bid to reduce the trade gap with the US is progressing at full steam, with the government allocating 600 acres of land for building a cotton warehouse and local importers targeting American cotton imports worth $1 billion this year.

The shift of the USA to reciprocal tariffs has shaken global trade. But for Bangladesh, it’s opened a rare window of opportunity

The new tariff on US-bound exports from Bangladesh came into effect yesterday, with hopes of maintaining a healthy flow of garment shipments to the American market.

Bangladesh is preparing to open its market to a wide array of American goods and services, including dairy, meat, liquefied petroleum gas, and aircraft, under a pending trade agreement with the United States, according to officials familiar with bilateral negotiations.

Rather than absorbing the cost or immediately passing it on to consumers, many US apparel retailers and brands have turned to their suppliers in Bangladesh, demanding they share the pain

Exporters' efforts complement the government's strategic deals to lower tariffs

Trump admin has reduced tariffs on Bangladeshi goods from 35% to 20%, a move expected to strengthen the country’s competitiveness against rivals such as India and Vietnam

Under the new policy, Bangladesh will face a 20 percent tariff

The deal for Dhaka was secured just hours before a midnight deadline set by President Donald Trump

As the tariff talks between Bangladesh and the United States wrap up today, Dhaka is expecting a deal that would see tariffs on its exports to the American market well below the steep 35 percent rate imposed by the Trump administration from August 1.

Bangladesh is now racing to finalise a deal before the window closes on August 1.

Trump's unilateral tariffs: Undermining global trade rules for 'America First'

Entrepreneurs in the Bangladesh delegation currently in Washington will once again push for duty-free access to the American market for garments made from US cotton during the final round of tariff negotiations with the Trump administration today.

Increasing soybean imports from the United States could help narrow the trade gap between Bangladesh and its biggest single-nation apparel market, according to an American industry group.

The tariff negotiations are scheduled to begin on July 29 and continue until July 31

Bangladesh has expanded its plan to buy Boeing aircraft from 14 to 25 in a last-ditch effort to persuade the Trump administration to lower tariffs on its exports ahead of the August 1 deadline.

Bangladeshi conglomerate Square Group is going for a massive expansion both at home and abroad, said Tapan Chowdhury, managing director of Square Pharmaceuticals Ltd, a key arm of the group.

If held in person, the team led by commerce adviser will leave for the USA on July 27

The Trump administration is scheduled to apply the new tariff rates for the countries concerned from August 1.

The negotiation team from Bangladesh will fly to America once the USTR fixes a date for the talks