Dhaka, Aug. 2 -- The United States has cut the reciprocal tariff rate on products imported from Bangladesh to 20 percent from the previously declared 35 percent, following a series of negotiations over the past month.

The announcement was made by the White House on July 31 (Washington, DC time), after the final round of the talks were held between a Bangladesh delegation and US officials in the US capital.

The top-level delegation included Commerce Adviser SK Bashir Uddin, National Security Adviser Khalilur Rahman, Commerce Secretary Mahbubur Rahman, and WTO Wing Director General Nazneen Kaiser Chowdhury.

Earlier, Washington had informed Dhaka through an official letter that the counter-tariff would be 35 percent, meaning the newly dec...