Bangladesh’s interim head, Muhammad Yunus, has written to U.S. President Donald Trump requesting a three-month delay on a 37% tariff on imports, emphasizing efforts to boost imports from the U.S.
Bangladesh's interim head Muhammad Yunus has written to U.S. President Donald Trump requesting a three-month pause on a 37% tariff on imports from Bangladesh, citing efforts to boost imports from the U.S., his press office said on Monday.
Bangladeshi exporters, especially in the garment sector, are bracing for the impact of the tariff.
In the letter, Yunus — a Nobel laureate who took charge of the interim government in August after prime minister Sheikh Hasina was overthrown — outlined steps Bangladesh has already taken to strengthen bilateral trade.
“We are the first country to take such a pro-active initiative,” Yunus wrote, referring to the February visit of his representative, Khalilur Rahman, to Washington to begin trade discussions. Since then, officials from both countries have been working to identify specific actions that can quickly boost American exports.
The letter notes that Bangladesh was the first South Asian country to sign a multi-year agreement to import U.S. liquefied natural gas, and is working to expand trade in agriculture, energy and technology.
According to the letter, the government is now focusing on increasing imports of U.S. agricultural produce including cotton, wheat, corn and soybeans.
To support this, Bangladesh is finalising a bonded warehousing facility that will allow duty-free access for U.S. cotton, ensuring faster delivery to local manufacturers.
Yunus said Bangladesh maintains the lowest tariffs on U.S. exports in South Asia and plans further cuts.
He also listed reforms under way to ease non-tariff barriers: “We are eliminating certain testing requirements, rationalizing packaging, labelling and certification rules, and simplifying customs procedures and standards.”
Yunus said Bangladesh’s move to approve the use of billionaire Trump aide Elon Musk's Starlink satellite internet network was a signal of readiness to welcome more U.S. investment in high-tech sectors including civil aviation and defence.
“Bangladesh will take all necessary actions to fully support your trade agenda,” Yunus told Trump.
Read next
10:30
U.S. President Donald Trump has called for the dismissal of Israeli Prime Minister Benjamin Netanyahu’s corruption trial, characterising it as politically motivated while acknowledging Netanyahu’s leadership during recent conflicts.
10:00
AnewZ Morning Brief
Start your day informed with AnewZ Morning Brief: here are the top news stories for 26th June, covering the latest developments you need to know.
09:30
U.S. defence budget
President Donald Trump has unveiled a nearly $900 billion defence plan for 2026, keeping spending flat but shifting firepower toward cutting-edge missiles and drones in a bid to counter China and modernise America’s military edge.
09:00
U.S. Homeland Security Secretary Kristi Noem is visiting Central America to strengthen cooperation on curbing drug trafficking and reducing undocumented migration to the U.S., meeting leaders in Panama, Costa Rica, and Honduras.
08:43
world news
The White House plans to restrict classified intelligence sharing with Congress after media leaks contradicted President Donald Trump’s claims about the success of U.S. airstrikes on Iranian nuclear sites, setting up a tense briefing with lawmakers.
What is your opinion on this topic?
Leave the first comment