It is apprehended that the US’s high tariffs on major global exporters of agricultural products, raw materials, intermediate products and finished goods, such as Brazil, Canada, China and India, would make those products available at lower prices in non-US markets.

At a Star roundtable, industry leaders, trade experts slam govt’s handling of negotiations with US

A steep 35 percent tariff on Bangladeshi garment exports to the United States would affect far more than the country’s $8 billion annual shipments, according to economists and business leaders.

Owners of Chattogram-based readymade garment factories, many of which do business with buyers in the United States, are worried about a US tariff hike to 35 percent set to take effect on August 1.

The diverging outcomes threaten to create a multi-tiered tariff landscape in Asia, placing nations like Bangladesh at a serious disadvantage in the US market.

Suppliers to Walmart WMT.N have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a supplier seen by Reuters, as US President Donald Trump’s threat of a 35 percent tariff on the textile hub disrupts business.

Fast fashion got a lot pricier for Americans this spring – and it’ll likely get even more expensive in 2027.

Commerce Adviser Sk Bashir Uddin is leading the Bangladesh delegation

Bangladesh is facing pressure from Washington to decouple its manufacturing industries from Chinese suppliers, according to officials familiar with trade negotiations

"We're going to give people about a year, a year and a half to come in and, after that, they're going to be tariffed," Trump told reporters

The talks will continue until July 11

The tariff places Bangladesh at an immediate disadvantage against regional competitors in the garment trade.

Dhaka must intensify negotiations while working on long-term resilience

New US tariffs challenge RMG sector, but global competitive edge holds

The letter stated that Bangladeshi goods transshipped to evade the new tariff would be subject to higher duties.

The United States' levying a reciprocal tariff of 35 percent on Bangladeshi exports is a harsh economic blow

His comments came hours after the US announced a plan to impose a 35 percent trade tariff on Bangladesh

Failure to secure a more favourable bilateral agreement by Aug 1 deadline would be a significant blow to the country's export-oriented economy

US President Donald Trump began informing, in a wave of letters, a range of trading partners from Japan to Myanmar of sharply higher tariffs on goods they sell into the United States starting August 1

"Thank you for your attention to this matter!" Trump said in a post on Truth Social