Sat Aug 02 01:51:04 UTC 2025: Here’s a news article summarizing the information, written from an Indian perspective for a publication like “The Hindu”:
**Bangladesh Scores Trade Victory with US, India Faces Higher Tariffs**
**Dhaka, August 2, 2025:** Bangladesh’s interim government is celebrating a major trade victory after securing a significantly reduced tariff rate of 20% on its exports to the United States. The deal, finalized on August 1, 2025, marks a substantial reduction from the previous 35% tariff and places Bangladesh on par with key apparel-exporting competitors like Sri Lanka, Vietnam, Pakistan, and Indonesia, all of which enjoy similar rates.
Interim Chief Adviser Muhammad Yunus lauded his trade negotiators, led by security advisor Khalilur Rahman, for their “remarkable strategic skill” in navigating complex negotiations that included tariff, non-tariff, and national security considerations. Yunus emphasized that the agreement protects Bangladesh’s “comparative advantage” and ensures access to the vital U.S. consumer market.
The success comes in stark contrast to India’s experience. While Bangladesh managed to secure a 20% tariff, India reportedly faced a higher 25% rate, having “failed to reach a comprehensive agreement” with the U.S., according to sources within the Bangladesh government.
The outcome of these trade talks will likely have implications for the South Asian apparel market. With Bangladesh maintaining its competitive edge against its neighbors, India might be at disadvantage for exporting apparel.
First Piper 