April 12, 2025 4:27 pm
Full News

Bangladesh Seeks Reconsideration of Reciprocal Tariffs from the US Amid Strengthened Trade Cooperation

Professor Muhammad Yunus, Chief Advisor to the Government of the People’s Republic of Bangladesh, formally requested the President of the United States, Donald J. Trump, to reconsider the imposition of reciprocal tariffs on Bangladesh. The appeal was made through an official letter highlighting Bangladesh’s ongoing efforts to support the US trade agenda and deepen bilateral trade relations.

The letter outlines several proactive initiatives taken by Bangladesh to enhance trade ties, including the early engagement of a High Representative in Washington DC shortly after President Trump’s inauguration. Bangladesh was the first country to enter a multi-year agreement to import liquefied natural gas (LNG) from the US and has continued to support American exports by working closely with US counterparts.

A major focus of Bangladesh’s recent actions is to increase imports of US agricultural products such as cotton, wheat, corn, and soybean—commodities critical to the livelihoods of American farmers. Additionally, Bangladesh is finalizing a bonded warehousing facility for US goods, ensuring unrestricted market access.

The letter emphasizes that Bangladesh currently offers the lowest tariffs on most US exports in South Asia. It continues to implement zero tariffs on American agricultural items and is working towards reducing tariffs by 50% on industrial exports like gas turbines, semiconductors, and medical equipment. Moreover, the country is eliminating non-tariff barriers, simplifying customs procedures, and rationalizing labeling and certification requirements.

Bangladesh has also facilitated the launch of Starlink, a significant step forward for US tech businesses in the country, paving the way for growth in civil aviation and defense sectors.

In light of these collaborative efforts and upcoming trade reforms, Professor Yunus requested a three-month postponement of the reciprocal tariff measure to ensure a smooth implementation of ongoing and planned actions. He expressed hope that the US President would grant this request in the spirit of continued partnership and mutual benefit.

The letter concludes with assurances of Bangladesh’s commitment to advancing trade relations and supporting US economic interests.

Related News
Basketball legend praises Messi
Jailed Ekrem Imamoglu Declared Presidential Candidate in Turkey
Iranian Military Commanders Urge Supreme Leader to Revoke Fatwa on Nuclear Weapons
The Burnt Oscar: What We Know About the Viral Photo Amid LA Wildfires
Sandra Bullock Almost Played Maggie in Million Dollar Baby’s Rejected Vision
Greek Authorities Advise Precautions on Santorini Amid Seismic Activity
Related Posts
Enola Holmes 3 Officially Starts Filming in the UK with New Director on Board
Israel Takes Full Control of Rafah in Gaza
President Trump’s Tariffs on Foreign Goods: A Strategic Move to Protect American Industry
Germany to Abolish Provision for Citizenship in Three Years
India and US Aim for “Win-Win” Trade Deal Within 90 Days
Underwater Farms: A Potential Game-Changer for Combating Climate Change
More News

New Government to Be Formed in Syria Next Month

Syria’s Foreign Minister, Asad Al-Shaibani, has announced that a new government will be formed in the country in March. He provided this information during a meeting on the sidelines of the World Government Summit held in the United Arab Emirates on Wednesday. Since the fall of President Bashar al-Assad’s government last December, Syria has been […]

Oprah Winfrey Denies Receiving Personal Payment from Kamala Harris’ Campaign

Oprah Winfrey has denied reports that she was paid $1 million by Kamala Harris’ presidential campaign. Harpo Productions, Oprah’s production company, issued a statement saying that Winfrey was never paid a “personal fee” by the campaign. The rumor, which circulated after being reported by some outlets, claimed that Oprah received a $1 million payment for […]

Hudson Institute Report Warns of Hizb ut-Tahrir’s Growing Influence in Bangladesh

The Hudson Institute has released a report revealing how the global Islamist group Hizb ut-Tahrir (HT) is ramping up its focus in South Asia, with Bangladesh emerging as a primary target. Known for advocating the establishment of an Islamic Caliphate, HT has increasingly used Bangladesh as a strategic location for expanding its ideology across the […]

Kumbh Mela, the world’s largest religious gathering, is being celebrated in India

The world’s largest religious gathering, the Mahakumbh Mela, is underway in Prayagraj, India. The Mahakumbh Mela is held every 12 years. The Indian government expects 400 million people to visit the fair this year. The fair began on January 13, just a day before Makar Sankranti. On the second day, the religious rituals of the […]

Tension Between Zegler and Gadot on Snow White Set

Sources close to the production of Disney’s Snow White live-action remake have revealed growing tension between costars Rachel Zegler and Gal Gadot, ahead of the film’s theatrical release on March 21, 2025. According to reports, the two actresses, who portray Snow White and the Evil Queen, have little in common, with a significant age gap […]

Very Soon The Political Game Of Bangladesh Is Turning

Sheikh Hasina has been sheltered in India for several months! Hundreds of Fake cases have been filed against Sheikh Hasina in the last few months. An arrest warrant has been issued. The occupier interim govt of Bangladesh has already applied to India to bring back Sheikh Hasina. Cases have been filed against not only Sheikh […]

CIA Employee Pleads Guilty to Leaking Classified Information on Israel-Iran Plans

A CIA employee, Asif William Rahman, pleaded guilty to criminal charges of willfully retaining and transmitting national defense information, the U.S. Department of Justice announced on Friday. Rahman, who has been with the CIA since 2016, admitted to illegally downloading, printing, and distributing classified information on multiple occasions, including several instances in 2024. Court records […]

OCAB demands withdrawal of cancellation of accreditation for journalists in Bangladesh

The Overseas Correspondents Association Bangladesh (OCAB), a Dhaka-based platform of journalists representing global media, has condemned the decision of cancelling accreditation for independent journalists without showing any reasons in Bangladesh. OCAB issued a press release signed by the President Nurul Islam and General Secretary Julhas Alam on Monday, November 18, regarding the matter. OCAB has […]

‘Future Messi’ Is Now In The Case Of Cancellation

Who is the number 5 jersey on any team? The best of the team, the most creative and confident player of the attack, is it? Lionel Messi, one of those who made the number 5 jersey in the age of ‘glorious’. After the Argentine superstar Barcelona left Barcelona in 2021, the ‘1’ jersey knows who […]

1,300 Voice of America Employees Forced on Leave

More than 1,300 employees of Voice of America (VOA) have been placed on mandatory leave, effective Saturday, March 15. Additionally, funding for two other U.S. media outlets has been cut. This decision follows an order by President Donald Trump on Friday, directing staff reductions at the parent organization of VOA and six other federal agencies, […]