DHAKA, July 27 (Reuters) - Bangladesh has ordered 25
aircraft from Boeing ( BA ) and ramped up imports of key
American goods in an effort to defuse trade tensions and bring
down the steep tariffs imposed by the Trump administration, a
senior official said on Sunday.
The moves are part of a broader strategy to narrow a $6
billion U.S. trade deficit with Bangladesh and avoid a looming
35% tariff hike that has rattled the country's export sector,
especially the garments industry which risks losing
competitiveness in one of its largest markets.
"We need new aircraft urgently, possibly within the next
couple of years," Commerce Secretary Mahbubur Rahman told
reporters. "Initially, it was 14 planes - now it's 25," he said,
referring to an earlier plan to purchase aircraft from the
U.S.-based manufacturer.
Alongside the aircraft deal, Bangladesh is boosting
imports of wheat, soybean oil and cotton from the United States.
A new agreement signed earlier this month will see the country
import 700,000 tonnes of U.S. wheat annually over the next five
years.
Officials hope that these steps will help improve trade
relations with Washington and soften the impact of the Trump
administration's tariff measures.