Bangladesh, Aug. 1 -- BNP leader Amir Khosru Mahmud Chowdhury believes the Trump administration's decision to reduce reciprocal tariffs on Bangladeshi exports from 35 percent to 20 percent is a "satisfactory outcome" for the export sector.

"This isn't about victory or defeat. Given the tariff levels [facing Bangladesh's competitors], we are now in a relatively satisfactory position," the former commerce minister told reporters at his Gulshan residence on Friday.

"The tariff rate now aligns with those imposed on our competitors, and that's acceptable. It's satisfactory."

However, the true implications will only become clear once the finer points of the negotiations are revealed, according to him.

"All we know is the tariff rate. Only a...