Written by The Banking Post
The second round of Bangladesh–US negotiations on reciprocal tariffs begins today in Washington DC, marking a crucial phase in Dhaka’s efforts to secure more favorable trade terms ahead of the impending August 1 deadline.
According to the Chief Adviser’s Office, the United States Trade Representative (USTR) extended the invitation for talks, which will continue through July 11. Bangladesh is among the first countries to re-enter discussions following US President Donald Trump’s letter to 14 global leaders on July 7.
The proposed US tariff of 35% on Bangladeshi goods—slightly lower than the earlier 37%—remains well above the 20% rate Bangladesh had sought. Officials in Dhaka argue that Bangladesh merits more competitive terms than peers such as Vietnam, which recently secured a 20% tariff.
The elevated tariff rate has sparked concerns across the Bangladeshi export sector, which fears a competitive disadvantage in US markets.
Commerce Adviser Sk Bashir Uddin will lead the delegation in person, while National Security Adviser Khalilur Rahman will join virtually from Dhaka. Senior officials including the commerce secretary and an additional secretary are already in Washington to participate in the talks.
Sources indicate Bangladesh aims to build on the momentum from the first round of negotiations held on 27 June, striving for a swift and equitable outcome.
