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Filtering by entity: People's Republic of Bangladesh | Clear Filter
Summary:The White House issues a letter to Bangladesh, dated July 7, 2025, announcing a 35% tariff on all Bangladeshi products entering the United States, effective August 1, 2025, due to persistent trade deficits and non-reciprocal trade policies, which are described as a major threat to the U.S. economy and national security. The letter also states that if Bangladesh raises its tariffs, that amount will be added to the 35% U.S. tariff, while offering the alternative for Bangladeshi companies to manufacture products within the U.S. to avoid tariffs.
Sentiment:Vindicative
Key Claims:
- The United States has a significant and persistent trade deficit with Bangladesh.
- Bangladesh's tariff, non-tariff policies, and trade barriers are responsible for these deficits.
- The trade relationship between the U.S. and Bangladesh has not been reciprocal.
- Effective August 1, 2025, the U.S. will impose a 35% tariff on all Bangladeshi products.
- Goods transshipped to evade the U.S. tariff will be subject to the same or higher tariff.
- The 35% tariff is considered less than what is needed to fully eliminate the trade deficit disparity.
- Bangladeshi companies can avoid these tariffs by manufacturing products within the United States.
- The U.S. will expedite approvals for Bangladeshi companies choosing to manufacture in the U.S.
- If Bangladesh raises its own tariffs, the U.S. will add that increase onto its existing 35% tariff.
- The unsustainable trade deficits are a major threat to the U.S. economy and national security.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:5/10
Potential Global Cross-Asset Impact:4/10
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