Dhaka, Aug. 1 -- The United States has reduced the reciprocal tariff on products imported from Bangladesh to 20 per cent from the previous announced 35 per cent.

The tariff adjustment follows an executive order signed by President Donald Trump on Thursday local time, under which the US will impose new reciprocal tariffs ranging between 10 per cent and 41 per cent on a wide range of goods imported from several countries and foreign territories.

The lower tariff is expected to enhance Bangladeshi exports to the US, especially in the apparel and clothing sector.

The breakthrough followed a final round of discussions in Washington, D.C., between Bangladeshi officials and the Office of the United States Trade Representative (USTR), the prim...