Dhaka, Aug. 3 -- To reciprocate the steep US reciprocal tariff being cut down to 20 per cent, Bangladeshi textile and spinning millers target to augment American cotton imports under tradeoffs to make the country's apparel trade competitive in the United States.

The US Presidential Actions issued on April 02 this year set a condition that export goods to the USA should use at least 20 per cent of the customs value of the subject article of US-origin content, which is likely to get a certain amount of duty exemptions under the US customs and border protection (CBP) provisions.

A customs expert explains that "US content" means the portion of a product's value that comes from parts or materials that are made, sourced, or significantly chan...