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US To Exempt Some Bangladeshi Clothing From Tariffs. The United States has agreed to exempt certain Bangladeshi clothing and textile products from tariffs, under a new trade deal announced on Monday. As part of the agreement, Bangladesh secures duty-free access for garments made using US-produced cotton and man-made textiles. Washington also agrees to cut its overall tariff rate on Bangladesh from 20% to 19%, in exchange for Dhaka opening its markets to a wider range of American goods. The deal follows lengthy negotiations after Donald Trump imposed sweeping tariffs on global trading partners last year. In a joint statement, the White House said the agreement would strengthen economic ties and offer unprecedented access to both markets. Bangladesh’s clothing industry, which accounts for more than 80% of export revenues and employs around four million workers, stands to benefit significantly. In return, Bangladesh agrees to give preferential access to US agricultural and industrial products, including chemicals, medical devices, car parts, soy and meat.
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