Bangladesh clothes makers uneasy amid Trump tariff push<br /><br />Bangladeshi ready-made garment (RMG) factory owners voiced alarm on Tuesday, July 8, after US President Donald Trump sent a letter to the South Asian country's Chief Adviser, announcing a 35 percent increase in export tariffs on any export goods starting next month.<br /><br />Bangladesh, the world’s second-largest exporter of RMG clothing after China, faces stiff competition from India, Pakistan, and Vietnam to compete in its nearly $40-billion global apparel market, nearly one-fourth of which comes from the US alone.<br /><br />While Vietnam has been served a 20 percent tariff hike by Washington, Bangladeshi manufacturers are anxiously awaiting the outcome of ongoing trade negotiations between Dhaka and US officials in Washington.<br /><br />REUTERS VIDEO<br /><br />Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br />Visit our website at https://www.manilatimes.net <br />Follow us: <br />Facebook - https://tmt.ph/facebook <br />Instagram - https://tmt.ph/instagram <br />Twitter - https://tmt.ph/twitter <br />DailyMotion - https://tmt.ph/dailymotion <br /><br />Subscribe to our Digital Edition - https://tmt.ph/digital <br /><br />Check out our Podcasts: <br />Spotify - https://tmt.ph/spotify <br />Apple Podcasts - https://tmt.ph/applepodcasts <br />Amazon Music - https://tmt.ph/amazonmusic <br />Deezer: https://tmt.ph/deezer<br />Stitcher: https://tmt.ph/stitcher <br />Tune In: https://tmt.ph/tunein <br />Soundcloud: https://tmt.ph/soundcloud <br /><br />#themanilatimes<br />#tmtnews<br />#worldnews
