The average tariff rate on imports from the United States to Bangladesh was 6 per cent last year. This means that for every 100 taka worth of goods imported from the US, the government collected an average of 6.15 taka in duties and taxes. However, import-stage taxes such as value-added tax (VAT), advance income tax (AIT), and advance tax (AT) are later adjusted by businesses. Excluding these three adjustable taxes, the effective average tariff rate stood at 2.20 per cent. This analysis is based on data from the National Board of Revenue (NBR).

Chief Adviser's High Representative Dr Khalilur Rahman said Bangladesh would soon take some measures in consultation with the US administration regarding the tariff issue, stressing that there is nothing to panic about. "We are prepared for this. We will soon take some measures. These measures will be taken in consultation with the US administration. There is nothing to fear or get panicked about. We are fully prepared," he said.

The High Representat...