Bangladesh Secures Strategic Diplomatic Breakthrough with US

Reading Time: 3 minutes In what officials and analysts are calling a landmark diplomatic achievement, Bangladesh’s interim government under Chief Adviser Dr Muhammad Yunus has successfully negotiated a significant tariff reduction with the United States, coupled with a series of high-value trade and procurement agreements poised to reshape the bilateral economic relationship. The centrepiece of this breakthrough is the United States’ decision to reduce its reciprocal tariff on Bangladeshi goods from 35 percent to 20 percent — a move described as a “decisive diplomatic victory” by Dr Yunus, who led the negotiation strategy in close collaboration with key advisers from commerce and national security portfolios. Tariff Win: Boosting Garment Competitiveness The tariff revision, effective from 7 August, places Bangladesh in a strategically favourable position in the US apparel market, the world’s largest consumer market for clothing. With India, Vietnam, and China facing higher effective duties — some reaching as high