US-Bangladesh Tariff Deal: Dhaka Opens Markets, Secures Reduced Tariffs

• Bangladesh secures a reduced 19% tariff rate from the US, down from 20% and an initial 37%.
• Dhaka opens its dairy, beef, and poultry markets to American exporters in return.
• Certain Bangladeshi textiles and garments made with US materials will receive zero tariffs in the US.
• Bangladesh will provide preferential market access for US industrial goods, including cars, medical devices, and ICT equipment.
• The deal includes Bangladesh purchasing USD 3.5 billion in US agricultural products and USD 15 billion in energy imports over 15 years.