#TariffsPause iturn0image0turn0image3turn0image4turn0image9President Donald Trump's recent announcement of a 90-day pause on most U.S. tariffs has sent ripples through global trade, with significant implications for countries like Bangladesh, major apparel exporters, and U.S. businesses.
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### 🇧🇩 Bangladesh's Response
Bangladesh, the world's second-largest garment exporter, has been directly affected by the tariff paus. In early April, interim head Muhammad Yunus formally requested President Trump to delay the imposition of a 37% tariff on Bangladeshi imports for three month. Yunus emphasized Bangladesh's proactive efforts to bolster U.S. imports, including agreements to import U.S. liquefied natural gas and initiatives to increase imports of U.S. agricultural products like cotton, wheat, corn, and soybean. He also highlighted regulatory reforms aimed at reducing non-tariff barriers and simplifying trade logistics citeturn0news13.
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### 🧵 U.S. Trade Bodies' Oppositio
Four major American trade bodies—the American Apparel and Footwear Association (AAFA), the National Retail Federation (NRF), the Retail Industry Leaders Association (RILA), and the United States Fashion Industry Association (USFIA)—have strongly opposed the suggestion to impose higher tariffs on apparel items imported from Bangladesh and other countris In a joint letter to the U.S. International Trade Commission (USITC), they argued that such tariffs would ultimately burden end-consumers with higher prics They also noted that the U.S. already imposes high most-favored-nation duty rates on apparel products, impacting the cost competitiveness of sourcing countries citeturn0search.
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### 🚗 Broader Economic Impat
The tariff pause has had a significant impact on global markt. For instance, Jaguar Land Rover (JLR) announced a temporary pause in U.S. shipments to address the impact of the new tarif. These tariffs include a baseline 10% levy on imports from multiple countries, rising to 20%
