In a major trade initiative, Bangladesh is planning to remove import duties on approximately 1,100 products to enhance commerce with the United States and reduce the trade imbalance. The government has already identified 161 key U.S. products—100 of which are under active consideration for full tariff elimination. These include industrial machinery, man-made fibers, raw materials for garments, fire extinguishers, wastewater systems, dialysis filters, and select weapons.
The products currently face tariffs of up to 37%, but officials believe lifting these duties could significantly boost U.S. imports and strengthen bilateral trade ties. The National Board of Revenue (NBR) confirmed that the proposal was discussed with Chief Adviser Dr. Muhammad Yunus ahead of the 2025–26 budget announcement.
Though the tariff changes must apply to all countries under WTO rules, Bangladesh expects the U.S. to benefit most. In FY 2023–24, imports of these 161 items totaled about Tk 28,000 crore, generating Tk 610 crore in revenue. Authorities argue that the commercial benefits outweigh potential revenue losses.
The move comes after the U.S., under the Trump administration, imposed steep tariffs on several Bangladeshi products—up to 37%—in April 2025, a significant jump from the previous average of 15%. The new U.S. tariffs are currently suspended for 90 days, allowing time for bilateral review.
With annual exports of $8.4 billion to the U.S. and imports of $2.2 billion, the U.S. remains Bangladesh’s top export market. Officials see the tariff cut as a strategic step to deepen economic ties and ensure long-term trade growth.
