Dhaka, July 8 -- US President Donald Trump has responded to Bangladesh's request to reconsider a sweeping tariff on its exports, three months after receiving a letter from Chief Advisor Muhammad Yunus.

After a 90-day pause for further negotiations with trade partners following the initial announcement of tariffs in April, reports on Tuesday indicated that the Trump administration was imposing a revised 35 percent supplemental duty on all Bangladeshi products, down from the previously proposed 37 percent, reports bdnews24.com.

The new rate is set to take effect on Aug 1.

Until now, the average US tariff rate on Bangladeshi goods stood at about 15 percent. With the addition of the new levy, the average tariff rate will rise to 50 percent...