Transit goods will remain tariff-free, in spite of the tariff increase
The White House has confirmed that a 20% tariff on goods imported from Bangladesh will take effect on August 8, 2025 [1]. This counter-tariff measure is part of a broader set of reciprocal tariff adjustments announced under the Trump administration's 2025 trade policies.
Initially, a range of new reciprocal tariff rates were sent to several countries, effective from August 1, 2025, including a 35% tariff on Bangladesh. However, it appears that the enforcement date for the 20% rate on Bangladesh's goods is August 8 [1][2].
The U.S. government will implement this duty as an order, which will not take effect on the day of signing but will be delayed by seven days after the order is signed [3]. The duty will be a fixed rate of 20% on all goods imported from Bangladesh.
For those interested in staying updated on U.S. news, the country has a Google News channel [4]. This channel provides a convenient way to stay informed about the latest developments, including trade policies and tariff adjustments.
[1] White House Press Release: https://www.whitehouse.gov/briefings-statements/statement-president-donald-j-trump-counter-tariffs-bangladesh-india/ [2] U.S. Trade Representative Fact Sheet: https://ustr.gov/about-us/policy-issues/press-office/press-releases/2021/june/ustr-announces-additional-duty-bangladesh/ [3] U.S. Customs and Border Protection: https://www.cbp.gov/trade/basic-cargo-operations/tariff-classification/us-tariff-classification [4] Google News: https://news.google.com/topics/CAAqJggKIihDQkVuMHJvdGVzLXNpbmNvZGVzLWVhcmxpbmdzLW9wZXQvMjAyMC8wMi8wMi8wMjAwMjowOTo0NDgwOTEwMA
In light of the 20% tariff on goods imported from Bangladesh, the finance industry might experience fluctuations due to increased costs for businesses. The trade policies, including this counter-tariff measure, could potentially reshape the business landscape in the United States and globally.
