US-Bangladesh Trade Deal: Tariffs Cut to 19%, India's Deal at 18%

• Bangladesh and the US signed a reciprocal tariff agreement, reducing US tariffs on Bangladeshi goods from 20% to 19%.
• The deal includes zero reciprocal tariffs for certain Bangladeshi textile and apparel goods using US-produced cotton/man-made fiber, and zero-duty access for pharmaceutical products, fish, and paperboard.
• Bangladesh will provide preferential market access for US industrial and agricultural products and ease non-tariff barriers.
• This agreement, signed just before Bangladesh's elections, aims to strengthen its textile industry, which accounts for over 80% of its exports.
• India's recent trade deal with the US set tariffs on Indian goods at 18%, giving it a marginal pricing advantage, but Bangladeshi textiles with US materials get 0% tariff.