Dr. Yunus Seeks Three-Month Suspension of Counter-Tariffs from Donald Trump

Staff Reporter

Dr. Muhammad Yunus, the Chief Advisor, has sent a letter to U.S. President Donald Trump requesting a three-month suspension of counter-tariffs imposed on Bangladeshi export products.

A press release issued by the Chief Advisor’s Press Wing on Monday, April 7, confirmed the development.

In the letter, Dr. Yunus urged the U.S. to provide Bangladesh with a three-month period to increase imports and reform its tariff structure, aiming to establish a balanced trade relationship.

He highlighted that shortly after Trump’s inauguration, a high-level delegation conveyed Bangladesh’s interest in significantly increasing imports of U.S. goods, positioning the country as a pioneer in such initiatives.

The letter also noted that Bangladesh was the first country to sign a long-term agreement for importing liquefied natural gas (LNG) from the U.S. Following the lifting of export restrictions on LNG by the Trump administration, Bangladesh has actively worked to expand LNG-dependent collaborations.

Dr. Yunus further mentioned ongoing efforts to increase imports of U.S. agricultural products such as cotton, wheat, corn, and soybeans, which would positively impact the income and livelihoods of American farmers. Dedicated bonded warehouses, allowing duty-free entry of these products, are also in the final stages of implementation.

According to the letter, Bangladesh imposes the lowest tariffs on U.S. exports in South Asia. Initiatives are underway to reduce tariffs by up to 50% on high-value U.S. goods such as gas turbines, semiconductors, and medical equipment. Additionally, cotton, scrap metal, and agricultural products are already exempt from tariffs.

Steps have also been taken to simplify packaging and labeling standards, streamline customs procedures, and remove non-tariff barriers.

Dr. Yunus noted that U.S.-based internet service provider Starlink has been established in Bangladesh, opening new investment opportunities in civilian technology, aviation, and defense sectors.

He expressed optimism that these initiatives could be implemented within the next three months, during which Bangladesh would work with U.S. authorities to finalize trade expansion and balancing efforts.

Concluding the letter, Dr. Yunus stated, “I sincerely request you to consider suspending the counter-tariffs on Bangladeshi exports for three months. I trust you will accept our appeal.”