The United States and Bangladesh unveiled a deal Monday to lower US tariffs on goods from the world’s second-biggest garment manufacturer, with Washington also committing to work towards duty exemptions for certain textiles and apparel. Under the agreement, President Donald Trump’s administration is set to trim US “reciprocal” tariffs on Bangladesh products from 20 percent to 19 percent, said a joint statement released by the White House. Such “reciprocal” duties were imposed by Trump last year to address trade imbalances or practices Washington deemed unfair.
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