The recent announcement of tariffs on garments exports from Bangladesh has led to US buyers halting orders, compelling the Dhaka government to request for a three-month reprieve from these tariffs.

The rise of tariffs on cotton products from Bangladesh to 37 per cent from the earlier 16 per cent has hit the textile and garment industry hard as around 80 per cent of its exports are generated from this sector. The industry had just begun rebuilding itself after being hit hard in a student-led revolution that toppled the government last year.

Muhammad Yunus, Leader, Interim Government, has urged the US to postpone the application of US reciprocal tariff measures for three months to help the government substantially increase US exports to Bangladesh.