The increase in 2025 underscores growing demand for Bangladeshi garments at a time when US importers are recalibrating supply chains. Industry leaders have indicated that further growth is possible if trade conditions remain supportive.
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Commerce Minister Khandaker Abdul Muktadir stated that Bangladesh has not yet received any official written notification on the matter, he said, adding that under Section 122, the US Congress must ratify such tariffs within 150 days.
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Finance and Planning Minister, Amir Khosru Mahmud Chowdhury acknowledged the significant challenges facing the economy, including indicators of rising poverty, declining investment and shrinking employment.
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Trade representatives also called for adjustments to letter-of-credit (LC) margins to sustainable levels and urged the government to take effective steps to stabilise the foreign exchange market.
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The expansion is aimed at scaling production capabilities to meet growing international demand, particularly from leading global brands.
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The measures, launched by the newly formed government, aim to address domestic economic challenges and secure continuity of key trade benefits ahead of the scheduled graduation date.
