Citing alleged failures to enforce anti-forced labor policies and sanctions, the United States has imposed a new wave of tariffs on more than 60 countries worldwide, including Bangladesh. Under the new trade framework announced by President Donald Trump’s administration, tariff rates range between 10% and 12.5% depending on the country.
The official notification of this new tariff structure was published on Thursday in the Federal Register, the official journal of the US government.
According to the official decree, a 10% tariff has been levied on Bangladeshi exports. Other nations categorized under the same 10% tariff slab include India, Pakistan, Sri Lanka, Malaysia, Indonesia, the United Kingdom, Canada, Mexico, Argentina, Cambodia, Ecuador, El Salvador, Guatemala, Honduras, Jordan, and Trinidad and Tobago.
Meanwhile, for the European Union (EU), Taiwan, Japan, South Korea, and Switzerland, the total tariff has been set at either 10% or 12.5%, adjusted in alignment with their existing duty rates.
A maximum tariff rate of 12.5% has been slapped on 38 other nations, including major trade players like China and Vietnam. Israel, one of the closest allies of the US, was also not spared, with its exports subject to the 12.5% duty rate.
