International Desk: As per his election promise, US President Donald Trump has imposed retaliatory tariffs on various countries around the world. He claimed that these tariffs were imposed to reduce the US trade deficit and protect US industry. The whole of Asia, including Bangladesh, has not been exempted from his strict tariff policy.
Tariffs have been imposed on countries like China, Vietnam, Cambodia, Iraq, and Sri Lanka.
Let’s see how much tariffs the US has imposed on each of the Asian countries:
North Korea – 50 percent
Russia – 50 percent
Cambodia – 49 percent
Laos – 48 percent
Vietnam – 46 percent
Myanmar (Burma) – 44 percent
Sri Lanka – 44 percent
Iraq – 39 percent
Bangladesh – 37 percent
Thailand – 36 percent
China – 34 percent
Indonesia – 32 percent
Taiwan – 32 percent
Switzerland – 31 percent
Nauru – 30 percent
Pakistan – 29 percent
Tunisia – 28 percent
Kazakhstan – 27 percent
India – 26 percent
South Korea – 25 percent
Brunei – 24 percent
Malaysia – 24 percent
Japan – 24 percent
Vanuatu – 22 percent
Jordan – 20 percent
Afghanistan – 18 Percentage
Azerbaijan – 10 percent
Armenia – 10 percent
Bahrain – 10 percent
Mongolia – 10 percent
Iran – 10 percent
Yemen – 10 percent
United Arab Emirates – 10 percent
Saudi Arabia – 10 percent
Qatar – 10 percent
Oman – 10 percent
Kuwait – 10 percent
Kyrgyzstan – 10 percent
Uzbekistan – 10 percent
Turkmenistan – 10 percent
Tajikistan – 10 percent
Singapore – 10 percent
Nepal – 10 percent
Bhutan – 10 percent
Maldives – 10 percent
Georgia – 10 percent
Total countries
Out of a total of 48 countries in Asia, 47 countries are listed, not just Palestine.
Highest and lowest
Among Asian countries, the highest tariff rate is 50 (North Korea and Russia) and the lowest is 10 (Maldives, Bhutan, Nepal and some other countries).
Bangladesh
The tariff rate imposed on Bangladesh is 37 percent, which is relatively high among Asian countries.
Effective from when
Trump’s announced retaliatory tariffs will be effective in two phases. In the first phase, the minimum tariff (10 percent) will be effective from April 5. In the second phase, the higher tariff (such as 37 percent for Bangladesh) will be effective from April 9.
KAA/
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