US President Donald Trump has announced a 35 percent tariff on products imported from Bangladesh.
The Trump administration sent the first tranche of “letters” to various countries on Monday, detailing the tariffs that the US will impose on products from them.
The countries that got these letters, signed by Trump, were Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People’s Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand and Tunisia.
In a letter to Bangladesh’s Chief Advisor Muhammad Yunus, Trump said that starting on August 1, 2025 “We will charge Bangladesh a tariff of only 35 per cent on any and all Bangladeshi products sent into the United States, separate from all sectoral tariffs.”
“Please understand that the 35 percent number is far less than what is needed to eliminate the trade deficit disparity we have with your country,” Trump said.
He said that Washington would do “everything possible” to get approvals quickly, professionally and routinely. “In other words, in a matter of weeks.” Trump also said that if, for any reason, Bangladesh decides to raise its tariffs, then whatever number it chooses to raise them by will be added to the 35 percent that the US charges.
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“Please understand that these tariffs are necessary to correct the many years of Bangladesh’s tariff and non-tariff policies and trade barriers, causing these unsustainable trade deficits against the United States. This deficit is a major threat to our economy and indeed our national security,” Trump said.
