India gains as US imposes 35% tariff on Bangladesh
The tariff on Bangladesh will make its products expensive in the US, which can give Indian companies a chance to increase the share in the market there.
Indian textile sector shares rose by 8% after US President Donald Trump’s announcement of imposing 35% tariffs on Bangladesh.
This is because 35% tariff will increase the export cost of Bangladesh, which will weaken its competition in the US market. India can benefit from this. India can increase its share in the US market.
7 In response and answer, they understand this whole matter…
Question 1: Why Donald Trump put a tariff on Bangladesh?
answer: Trump says that America’s trade deficit (trade deficit) with Bangladesh is very high. Their purpose is to open Bangladesh markets to American goods and eliminate tariffs and other business obstacles there. If Bangladesh does this, then there is also scope for change in tariffs.
Question 2: When will the tariff come into force and how much is it?
answer: This tariff will be applicable from 1 August 2025. In April, there was a talk of 37% tariff, but now it has been reduced to 35%. This fee will be applicable to all products in Bangladesh.
Question 3: How will Indian textile companies benefit from it?
answer: Bangladesh holds 9% in the US’s ready-made garment market, while India has a stock of around 6%. Vietnam is at the forefront with 19%.
Due to tariff on Bangladesh, its products will become expensive in America. This can give Indian companies a chance to increase share in the market there. If there is a trade deal between India and America, then India’s profit may increase further.
Question 4: What will be the effect of tariff on Bangladesh?
answer: Tariff may weaken the economy of Bangladesh. This is because 80% of its economy rests on textile and garment exports.
America is its big market and this decision can cause many factories to be closed there and will affect laborers, especially women. The Bangladesh government is now trying to interact with the US to provide relief in tariffs.
Question 5: Bangladesh makes clothes for which brands?
answer: Bangladesh makes clothes for American brands such as Tommy Hilfiger, Calvin Klein and Ralph Lauren. Apart from this, Sweden’s H&M also makes clothes for brands such as Giorgio Armani of Italy, Hugo Boss of Germany, and Spain’s Zara.
These brands make their clothes in Bangladesh due to cheap labor and large -scale production facilities. More than 4,000 factories and more than 40 lakh workers in Bangladesh are part of the industry, making it the world’s second largest readymade textile exporter.
Bangladesh makes clothes for American brands such as Tommy Hilfiger, Calvin Klein and Ralph Lauren.
Question 6: What is the current tariff of America on India?
answer: Currently, America’s general tariff on India’s exports is 10%. But due to different categories on textile products, it can go up to 26%.
Question 7: Which companies have gained momentum?
answer: This news has led to a boom in shares of companies like Gokuldas Exports, KPR Mill, Vardhman Textiles and Arvind Limited. Gokuldas and Vardhman’s shares climbed around 8%. At the same time, the shares of KPR and Arvind have increased by about 2%.
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