March 29, 2024, 2:08 am


SAM

Published:
2018-04-08 21:15:05 BdST

BD products face highest tariffs in US market: Study


FT ONLINE

Nearly all Bangladeshi products face tariffs with its average rate being the highest in the United States market.

The amount is 15.2 per cent of the total value of Bangladesh’s exports to the US, according to an analysis of the Pew Research Centre, a Washington-based organisation.

The analysis has been carried out on the basis of the data obtained from the US International Trade Commission.

A total of 232 countries, territories and other jurisdictions export in the US market.

Bangladesh exported about $5.7 billion worth of goods to the US in 2017 and 95 per cent of these were apparel, footwear, headgear and related items.

The study also showed that other countries with similar profiles include Cambodia (14.1 per cent tariff), Sri Lanka (11.9 per cent), Pakistan (8.9 per cent) and Vietnam (7.2 per cent).

By contrast, the tariffs on Chinese imports stood at $13.5 billion last year or 2.7 per cent of their total value. For all imports worldwide, the US imposed tariffs equal to about 1.4 per cent of total value.

The Pew analysis comes out at a time when the US and China are in a trade war by imposing and increasing tariffs on each other’s products.

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