Tariffs will be disastrous for Bangladesh, Rubana Huq says
The former president of the Bangladesh Garment Manufacturers and Exporters Association, Rubana Huq, has said export tariffs of 37%, which the US is imposing on the Asian country, will be disastrous.
She pointed out that the US was now the biggest market for clothes made in Bangladesh and that direct competitors for a share of export markets, India and Pakistan, have come out of April’s tariff turmoil slightly better off. India faces tariffs of 26%, while the rate for Pakistan is 29%.