Dhaka, April 18 -- The World Trade Organization (WTO) has observed that the United States' tariff hikes under President Donald Trump could present an opportunity for Bangladesh to boost its exports to the US.
In its latest 'Global Trade Outlook and Statistics' report, the WTO noted that Least Developed Countries (LDCs) like Bangladesh, Cambodia, and Lesotho may benefit from the shift in US import patterns, particularly in sectors like clothing, textiles, and electronic equipment-areas where China currently holds a dominant share.
According to the report, world merchandise trade volume is projected to decline by 0.2% in 2025 if the US maintains its suspension of reciprocal tariffs. However, the situation could worsen, with trade shrinking ...