A Bangladesh trade mission, as reported, is scheduled to meet for the third time with the Office of the United States Trade Representative (USTR) in Washington, D.C., on July 29 and July 30 to see if the 35 per cent reciprocal tariff that the Trump administration has imposed on Bangladesh’s exports to the US market could be lowered. There is the possibility of holding yet another round of meeting with the USTR on July 31.The US reciprocal tariff rate is set to take effect on August1. So, it is going to be a hectic last minute effort on the part of the Bangladesh trade delegation led by Commerce Adviser along with the National Security Adviser and comprising the commerce secretary and additional commerce secretary as its members. Notably, Bangladesh trade team has, meanwhile, finished two rounds of talks with the USTR following US president Donald Trump’s July 8 letter to Bangladesh’s Chief Adviser Dr Muhammad Yunus about the imposition of reciprocal tariff at the rate of 37 per cent on Bangladeshi exports to America. With no further reassurance from the USTR during those two rounds of trade talks, except for an exemption of just 2 per cent from original reciprocal tariff so imposed, Bangladesh is trying its luck for the third time. Best of luck! But when added to the currently existing duty at 15per cent on the entry of Bangladesh-origin products, especially Readymade Garment (RMG), into the US market, the total tariff will come to 50 per cent after August 1.বিস্তারিত