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Bangladesh hits 10.5% US share, faces 35% tariffs

Currently, Bangladeshi garments face a ** per cent duty at US ports. This includes a ** per cent regular duty and an additional ** per cent base duty imposed in April. Although Trump had paused reciprocal tariffs for ** days, he imposed a flat ** per cent tariff during that period. However, from August *, Bangladeshi garments will face a ** per cent duty. The country has urged the US to maintain the current tariff rates on its garment exports.

Bangladesh succeeded in raising its market share to double digits in the first quarter of this year. The US imported apparel worth $*.*** billion from Bangladesh during this period, accounting for **.** per cent of its total apparel imports of $**.*** billion. Imports from Bangladesh rose by **.** per cent compared to $*.*** billion in the same quarter of the previous year. Bangladesh&#**;s share also increased from *.** per cent in the corresponding period last year, according to Fibre2Fashion&#**;s market insight tool TexPro.