US reduces tariffs on Bangladesh by 20 percent

The United States has reduced tariffs on goods imported from Bangladesh by 20 percent.

This amount was mentioned in a White House announcement on Friday. The list includes tariffs on dozens of countries in addition to Bangladesh.

According to the White House announcement, Washington has adjusted it's tariffs of 19 percent on Pakistan, 15 percent on Afghanistan, 25 percent on India, 10 percent on Brazil, 19 percent on Indonesia, 19 percent on Malaysia, 40 percent on Myanmar, 19 percent on the Philippines, 20 percent on Sri Lanka, and 20 percent on Vietnam, among other countries.

Earlier, The United States had imposed a 35 percent tariff on all goods exported from Bangladesh to the United States. Now the tariff has been reduced to 15 percent.

Source: Reuters