US to exempt some Bangladeshi clothes from tariffs
#White House #Bangladesh #US Cotton #Tariff Exemptions #Garment Industry #Textile Trade #Biden Administration
📌 Key Takeaways
- The U.S. government will exempt Bangladeshi clothing made from U.S. cotton from certain tariffs.
- The policy aims to increase the global market share of American-grown cotton.
- The move addresses 'double-taxation' issues where raw material and finished goods were both penalized.
- This trade carve-out strengthens economic ties between Washington and the Bangladeshi garment sector.
📖 Full Retelling
🏷️ Themes
International Trade, Economy, Agribusiness
📚 Related People & Topics
Clothing industry
Industry encompassing the design, manufacturing, wholesaling and retailing of clothes
Clothing industry, or garment industry, refers to the range of trade and industry sectors involved in the production and value chain of clothing and garments. This includes the textile industry (producers of cotton, wool, fur, and synthetic fibre), embellishment using embroidery, the fashion industr...
White House
Residence and workplace of the US president
# The White House The **White House** is the official residence and principal workplace of the president of the United States. Located at **1600 Pennsylvania Avenue NW** in Washington, D.C., it stands as one of the most recognizable symbols of the American presidency and the United States governmen...
Bangladesh
Country in South Asia
# Bangladesh **Bangladesh**, officially the **People's Republic of Bangladesh**, is a sovereign state located in South Asia. Situated in the fertile Ganges-Brahmaputra delta, it is defined by its distinctive geography, dense population, and strategic position as a bridge between South and Southeast...