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Trump New Tariffs On Bangladesh: Many such decisions have been taken recently from America, due to which a new problem has arisen in front of countries around the world. One of those decisions is a huge tariff of 35 percent on Bangladesh exports. Trump’s decision has created new problems in front of India’s neighbor Bangladesh. For the textile industry there, this decision of Trump has become like a mountain.
On the other hand, this decision of Trump is going to give great relief for India. The question is arising as to what kind of positive impact on India’s decision and how this is a big shock for Bangladesh, let’s know-
Bangladesh’s spine hurt
Actually, the textile industry for Bangladesh is the backbone of its economy. Bangladesh exports more than 80 percent of the total exports and this sector also provides employment to about 40 lakh people.
However, after the 35 percent tariff imposed by Donald Trump, now clothes exported from Bangladesh will become expensive. Because of this, Bangladesh’s textile sector will lag behind in competition. The price of his products will be very high.
