The United States has announced a 37 percent tariff on imports from Bangladesh as part of President Donald Trump's sweeping new "Reciprocal Tariffs" policy.

According to a chart published by the White House today, the US government claims Bangladesh effectively imposes a 74 percent tariff on American goods. In response, a 37 percent "discounted reciprocal tariff" will now be levied on Bangladeshi products entering the US market.

The move, part of Trump's "Liberation Day" initiative, aims to counter what his administration describes as unfair trade practices by countries that maintain high barriers against US exports. The policy introduces a baseline 10 percent tariff on all imports, with significantly higher rates applied to nations the administration says engage in currency manipulation, protectionism, or impose other non-tariff barriers.

The announcement is likely to have a major impact on Bangladesh, whose economy is heavily dependent on exports, particularly garments, to the US, its single largest export destination. Industry leaders in Dhaka have expressed concern that the steep tariff could undercut the country's competitive advantage.

India, another major South Asian trading partner, is also affected by the policy. The US has imposed a 26 percent reciprocal tariff on Indian goods, citing a 52 percent barrier on American exports to India.
Pakistan faces a 29 percent tariff under the policy, reflecting what the administration says is a 58 percent trade barrier against U.S. products.
The White House has defended the new tariff structure as a long-overdue corrective to what it views as decades of one-sided trade relationships. Critics, including economists and some trade groups, argue the policy could trigger retaliatory measures and raise costs for US businesses and families.

The 37 percent tariff places Bangladesh among the higher-penalised countries under the policy, just behind Cambodia (49 percent) and Sri Lanka (44 percent).
China, which has long been a target of US trade actions, will face a 34 percent tariff, while the European Union will see a 20 percent levy. Vietnam, another key player in the global trade landscape, will bear a 46 percent tariff on its exports to the US.