US slashes Bangladesh reciprocal tariff to 19% in new trade deal

The United States and Bangladesh unveiled details of the reciprocal tariff agreement signed by the two countries on Monday (Feb 9), marking a significant milestone in their bilateral economic and trade relations. Under the agreement, Washington reduced the US tariff on Bangladeshi exports from 20 per cent to 19 per cent, said a joint statement released by the White House. Muhammad Yunus, chief advisor heading Bangladesh’s interim government, said that the United States had “committed to establishing a mechanism for certain textile and apparel goods from Bangladesh using U.S.-produced cotton and man-made fiber to receive zero reciprocal tariff in (the) U.S. market.” The White House said that Bangladesh would help US expand market access on American exports ranging from soybeans and corn to civil aircraft and motor vehicles. > Inking the first Agreement on Reciprocal Trade in South Asia 🖊️ Ambassador Greer joined Bangladesh’s Adviser Sheikh Bashir Uddin in signing the U.S.–Bangladesh Agreement on Reciprocal Trade, advancing our economic partnership and opening new markets for U.S. exports. Learn… pic.twitter.com/L3FM3qWlqM — United States Trade Representative (@USTradeRep) February 9, 2026 Inking the first Agreement on Reciprocal Trade in South Asia 🖊️ Ambassador Greer joined Bangladesh’s Adviser Sheikh Bashir Uddin in signing the U.S.–Bangladesh Agreement on Reciprocal Trade, advancing our economic partnership and opening new markets for U.S. exports. Learn… pic.twitter.com/L3FM3qWlqM — United States Trade Representative (@USTradeRep) February 9, 2026 “Under President Trump’s leadership, the United States is pursuing a trade policy that delivers real results for American workers and businesses, strengthening our economic and security partnerships abroad,” said US Ambassador Jamieson Greer. “Today’s signing of the Agreement on Reciprocal Trade with Bangladesh is the first in South Asia and marks a meaningful step forward in opening markets, addressing trade barriers, and creating new opportunities for American exporters. I commend Bangladesh’s Commerce Adviser Sheikh Bashir Uddin for his constructive engagement to achieve a more balanced and reciprocal trading relationship.” Key terms of US-Bangladesh agreement Bangladesh set to grow US purchase According to the US-Bangladesh agreement’s 32-page text released by the US Trade Representative’s office, Dhaka is set to purchase $15 billion in US energy products, and around $3.5 billion in ‌purchases of US agricultural products. Biman Bangladesh Airlines also plans to buy 14 Boeing aircraft, with options for additional purchases. In addition to this, Bangladesh will also buy US military equipment and limit its purchase from certain countries. Yunus said the agreement followed nine months of negotiations that began in April 2025. > Bangladesh, US sign reciprocal tariff agreement WASHINGTON DC, February 9: The Agreement on Reciprocal Tariff between Bangladesh and the United States was signed on Monday. On the Bangladesh side, the signatories were Commerce Adviser Sheikh Bashir Uddin and National Security… — Chief Adviser of the Government of Bangladesh (@ChiefAdviserGoB) February 9, 2026 Bangladesh, US sign reciprocal tariff agreement WASHINGTON DC, February 9: The Agreement on Reciprocal Tariff between Bangladesh and the United States was signed on Monday. On the Bangladesh side, the signatories were Commerce Adviser Sheikh Bashir Uddin and National Security… — Chief Adviser of the Government of Bangladesh (@ChiefAdviserGoB) February 9, 2026 He said that in addition to reducing the reciprocal tariff, “US committed to establishing a mechanism for certain textile and apparel goods from Bangladesh using US produced cotton and man-made fiber to receive zero reciprocal tariff in US market.” “The reduction of reciprocal tariff will grant further advantage to our exporters, while zero reciprocal tariff on specific textile and apparel exports from Bangladesh using US inputs will give substantial added impetus to our garments sector”, said NSA Rahman who was Bangladesh’s chief negotiator.