20 news articles tagged with "US Market"
Bangladesh RMG exports to US fell 5.75% in Jan-Jun 2026 per OTEXA. June alone up 5.74% to $763.57M. Total US apparel imports down 8.04%. Cambodia +12.32%, China -37.69%. Bangladesh volume -3.69%, unit price -2.15%.
Bangladesh signs Agreement on Reciprocal Trade with the US, securing 19% tariff rate but committing to $15B energy purchases, Boeing aircraft, and policy constraints on defence procurement.
China firmly opposes new US forced labour tariffs of 10% and 12.5% imposed on 60 trading partners including Bangladesh (10%) and China (12.5%). Beijing calls the move unilateralism and protectionism, urges Washington to remove the measures.
India said it would continue engaging with the US to conclude a bilateral trade agreement after Washington imposed a 10% tariff on Indian imports. The duty is lower than the proposed 12.5% and excludes key sectors.
The US Federal Reserve is expected to hold interest rates steady at its upcoming meeting, amid ongoing economic uncertainty and inflation concerns. The decision impacts Bangladesh exports through exchange rate effects and US consumer demand.
Bangladesh's garment exports are unlikely to recover in coming months as the Gulf war drives up energy costs, fuels inflation in Western markets, and leaves retailers with excess inventory. FY26 RMG earnings fell 1.64% to $38.70 billion, with exporters describing a 'perfect storm' of challenges.
Commerce Minister Khandaker Abdul Muktadir said the latest US tariff measures on Bangladesh would not create any new impact, as the 10% tariff rate remains unchanged despite being introduced under a different legal name. He also confirmed no plan to increase fuel prices.
Despite signing a $3.7 billion aircraft purchase agreement and agreeing to buy higher-priced American wheat, Bangladesh now faces an additional 10% US tariff over alleged forced labor. Economists question what Bangladesh gained from trade concessions.