Dhaka, July 13 -- Suppliers to Walmart have delayed or put on hold some garment orders from manufacturers in Bangladesh due to the threat of a 35 per cent tariff imposed by the US, which is set to take effect on August 1, 2025.
This tariff threat has disrupted business as Bangladesh is the third-largest apparel exporter to the US and heavily depends on the garment sector for 80 per cent of its export earnings and 10 per cent of its GDP.
Factory owners have expressed concern that they cannot absorb the 35 per cent tariff rate, leading to expectations of a decline in orders if the tariff is enforced.
Specifically, Iqbal Hossain, managing director of Patriot Eco Apparel Ltd, confirmed that an order for nearly 1 million swim shorts for Walma...