India-US Trade Deal Seals, Bangladesh Faces Competitive Pressure
Dhaka/Washington: Following India’s landmark trade agreement with the European Union, India has now signed a trade deal with the United States, confirmed by Prime Minister Narendra Modi and U.S. President Donald Trump. The agreement reduces the U.S. tariff on Indian goods from 50 percent to 18 percent, marking a major win for India and a potential setback for neighboring countries like Bangladesh and Pakistan.
The deal comes as a double blow to these regional economies, which were already grappling with the India-EU trade agreement. Currently, the U.S. imposes tariffs of 20 percent on Bangladeshi products and 19 percent on Pakistani goods, making Indian exports more competitive under the new arrangement.
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