Quick summary of what happened (what to know) In 2025 the U.S. announced large reciprocal tariffs on a number of apparel-producing countries; Bangladesh was initially assigned a very high rate and later negotiated downward in some cases (e.g., press reports show Bangladesh’s rate moved from headlines of ~37% down to ~20–35% in subsequent talks). This created immediate buyer uncertainty and order disruption. The RMG sector is critical: RMG contributes a very large share of export earnings (appx. ~80–85% of export receipts historically) and employs millions; a large tariff shock therefore risks export earnings, jobs, and FX. (BIPSS and national press estimate RMG’s share and the U.S. share of RMG exports). Macroeconomic effects seen already include falling net RMG exports and immediate buyer cancellations or slower buying patterns — and risks to employment and wages if orders keep falling. International studies show large tariff hikes on apparel raise consumer price...
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