Bangladesh Seeks Relief as US Tariffs Halt Garment Orders
Interim leader Muhammad Yunus appeals to President Trump for a three-month delay on new tariffs as manufacturers face immediate financial strain.
- US buyers are halting orders from Bangladeshi garment manufacturers following the imposition of 37% tariffs on cotton products, up from 16%.
- The garment industry, which accounts for 80% of Bangladesh's exports, is facing severe disruption as manufacturers report halted shipments worth hundreds of thousands of dollars.
- Smaller US buyers are pressuring Bangladeshi suppliers to absorb or share the increased tariff costs, exacerbating financial stress on the industry.
- Interim leader Muhammad Yunus has formally requested a three-month postponement of the tariffs to allow Bangladesh to implement measures to increase US exports.
- The Bangladesh Garment Manufacturers and Exporters Association has urged US buyers to show patience and support as the country negotiates a resolution.