Dhaka, June 28 -- Bangladesh has formally submitted a counter-proposal to the United States Trade Representative (USTR), seeking revisions to the draft Reciprocal Tariff Agreement aimed at ensuring more equitable trade terms.

At the centre of Dhaka's response is a demand to cap reciprocal tariffs at 10 per cent, in contrast to the US proposal allowing tariffs as high as 37 per cent, and a clause requiring Bangladesh to adopt aspects of American trade law - terms which Bangladesh argues breach international trade norms.

The latest round of negotiations follows the initial imposition of a 37 per cent tariff on Bangladeshi goods by former US President Donald Trump, which was temporarily suspended for three months.

High-level discussions t...