Washington, DC, July 31, 2025 – The third and final day of high-stakes trade negotiations between Bangladesh and the United States aimed at reducing reciprocal tariffs wrapped up tonight, with a decision on the final tariff rate expected soon, according to Bangladesh’s Ministry of Commerce.
The talks, held at the office of the United States Trade Representative (USTR) in Washington, DC, focused on easing the 35% tariff currently imposed on Bangladeshi exports, particularly in the ready-made garment sector, which accounts for over $8 billion in annual exports to the US. The concluding session began at 11:00 PM Bangladesh time and ended at 1:00 AM on Friday, August 1.
Officials from the Bangladesh Embassy in Washington confirmed the schedule and expressed optimism about the outcome, noting that most issues with the USTR have been resolved, though a few matters remain under discussion. “We believe the negotiations will lead to a further reduction in tariffs on Bangladesh. However, the final rate will be set by President Trump,” a commerce ministry official stated.
The Bangladeshi delegation was led by Commerce Adviser Sk Bashir Uddin and included Chief Adviser’s National Security Adviser Khalilur Rahman and Commerce Secretary Mahbubur Rahman. The US side was represented by Assistant Trade Representative Brendan Lynch, accompanied by trade and customs officials.
Bangladesh has made significant efforts to narrow the $6 billion trade imbalance with the US, including commitments to purchase 25 Boeing aircraft, import 700,000 tonnes of US wheat annually, and increase private-sector imports of cotton, soybeans, and pulses. These measures are part of a broader strategy to secure a tariff rate lower than the current 35%, which could otherwise jeopardize the competitiveness of Bangladesh’s garment industry in the US market.
A joint statement or announcement on the final tariff rate is anticipated in the coming days, with Bangladeshi officials hopeful for a favorable outcome that will bolster bilateral trade ties.
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