Yunus calls 20% US tariff a ‘decisive diplomatic victory’

Chief Adviser Professor Dr Muhammad Yunus has congratulated the Bangladesh tariff negotiators on securing a 20% US tariff on the country’s exports.

“We proudly congratulate the Bangladesh tariff negotiators on securing a landmark trade deal with the United States, a decisive diplomatic victory,” he said, according to a Facebook post by his press secretary, Shafiqul Alam, on Friday.

“By reducing the tariff to 20%, 17 points lower than anticipated, our negotiators have demonstrated remarkable strategic skill and unwavering commitment to safeguarding and advancing Bangladesh’s economic interests,” the Chief Adviser said.

“They have been working relentlessly since February and successfully navigated a complex negotiating process involving tariff, non-tariff, and national security matters. The agreement they negotiated preserves our comparative advantage, enhances our access to the world's largest consumer market, and safeguards our core national interests,” Muhammad Yunus further said.

“This achievement not only underscores Bangladesh’s rising strength on the global stage but also opens the door to greater opportunities, accelerated growth, and lasting prosperity. The future of Bangladesh is undeniably bright. Today’s success stands as a powerful testament to the nation’s resilience and its bold vision for a stronger economy tomorrow,” the Chief Adviser added.