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"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."