Dhaka, April 10 -- The Asian Development Bank (ADB) has underscored the urgent need for Bangladesh to diversify its export products and markets, following the recent imposition of a 37 per cent tariff by the United States under its new "Reciprocal Tariffs" policy.

Speaking at the launch of the April 2025 edition of the Asian Development Outlook (ADO), held at the ADB's Bangladesh Resident Mission in Agargaon in the capital on Wednesday ADB Country Director for Bangladesh, Hoe Yun Jeong, advised that strategic diversification is vital to mitigating the long-term impact of the US policy shift.

"There are measures that can be taken to offset the potential adverse effects. Bangladesh must continue to engage proactively in negotiations with ...