Who is special for the US in India-Bangladesh? Trump's new strategy... a big game under the guise of tariffs
The article discusses the shifting trade dynamics between India and Bangladesh with the US, particularly in textiles, as the US reduces tariffs for both countries.
The article highlights the strengthening trade relationships between the United States, India, and Bangladesh, focusing particularly on the textile industry. The US recently reduced tariffs on Indian textiles from 25% to 18% while simultaneously lowering Bangladesh's tariffs from 20% to 19%, with reports suggesting some segments of Bangladesh's garment industry may benefit from a complete tariff elimination. This shift indicates a strategic favoring towards Bangladesh as it becomes a significant player in the US textile market due to its rising exports.
It emphasizes that over the past few years, bilateral trade between the US and Bangladesh has significantly increased, particularly in textiles, where Bangladesh has found a large market in the US. The text outlines how the US's support for Bangladesh could impact trade with India, as Indian exporters may struggle to compete against Bangladesh's advantageous tariff rates. Furthermore, the author examines the potential repercussions of these trade moves on India's textile sector in contrast to Bangladesh's mounting successes.
As both countries strive to secure their positions within the global textile market, the article raises important implications about US trade policies and how they might influence regional economic dynamics in South Asia. The readers are prompted to consider the implications of these policies on the overall economic competitiveness of both countries, particularly regarding their key industry sectors and export capabilities.