The Trump administration has slapped a 35 percent tariff on Bangladeshi garment exports, more than doubling the previous rate and jolting the country’s key export industry. Just as the sector was finding its footing after political unrest, the hike now threatens jobs and economic stability.
With the US being Bangladesh’s biggest export market, industry leaders called the move a serious setback. Dhaka is now looking to ease tensions by increasing imports of American goods like Boeing planes, wheat, and cotton, according to Firstpost.
US President Trump defended the decision, citing trade imbalances, and has warned other countries of similar tariffs unless they buy more from the US.
