Dhaka, May 31 -- Threatened with a 37 per cent tariff on its exports to the U.S., Bangladesh has proposed buying more American cotton, oil and gas, and will use the offer in trade talks with the Trump administration, interim leader Muhammad Yunus told Nikkei Asia in a meeting on Thursday.

The interview was held on the sidelines of Nikkei's annual Future of Asia conference.

Noting that U.S. President Donald Trump is aiming to reduce his country's trade deficit with each partner, Yunus said that if the offer to buy more American commodities is accepted, Bangladesh will divert the flow of similar imports from other countries.

"For example, we buy a lot of cotton from Central Asia," he said. "Cotton from India, cotton from many other countri...