New York/Washington: President Donald Trump has declared a substantial 35% tariff on goods imported from Bangladesh.

On Monday, the Trump administration initiated the process by sending out letters to various nations outlining the tariffs that will be enforced on their products.

The countries receiving these notifications included Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Laos, Malaysia, Serbia, South Africa, South Korea, Thailand, and Tunisia.

In a correspondence addressed to Bangladesh's Chief Advisor Muhammad Yunus, Trump stated that effective August 1, 2025, a tariff of 35% will be applied to all Bangladeshi products entering the United States, in addition to existing sectoral tariffs.

He emphasized that any goods rerouted to avoid the higher tariff will still incur that increased rate.

Trump remarked, "The 35% figure is significantly lower than what is necessary to address the trade deficit imbalance we have with your nation."

He assured that the administration would expedite approvals in a timely and professional manner, stating, "In a matter of weeks."

Furthermore, Trump warned that if Bangladesh opts to increase its tariffs, the additional amount will be added to the existing 35% tariff imposed by the US.

"These tariffs are essential to rectify the longstanding tariff and non-tariff policies and trade barriers from Bangladesh that have led to unsustainable trade deficits with the United States. This deficit poses a serious risk to our economy and national security," Trump explained.

He also mentioned that if Bangladesh is willing to open its "closed" markets to the US and remove its tariff and non-tariff barriers, there might be a possibility for reconsideration of the tariff rates. "These tariffs could be adjusted based on our bilateral relationship," he added.

In a related executive order, Trump has also prolonged the suspension of tariffs against several other countries until August 1, extending a previous 90-day pause that was set to end on July 9.