Dhaka, Aug. 2 -- Bangladesh remains competitively positioned in the US market after the imposition of a 20per cent retaliatory tariff on its exports, down from an earlier proposed 35per cent, the president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has said.

Calling the situation "manageable and relatively reassuring," BGMEA President Mahmud Hasan Khan Babu said on Friday to the media that the current tariff rate was now almost at par with, or in some cases even lower than, that of Bangladesh's competing countries, which offered some relief.

Mahmud added that Bangladesh would be able to gradually overcome the challenge.

However, the BGMEA president warned that the new tariff could put pressure on US impor...