July 20, 2025
Bangladesh wheat deal trades food security for tariff relief
Bangladesh agrees to buy 700,000 tons of U.S. wheat at premium prices to secure 20% tariff rate
📈Trade🌍Foreign Policy💰Economy
Bangladesh's interim government, led by Muhammad Yunus since Aug. 2024, signed a five-year wheat import deal with U.S. Wheat Associates on Jul. 20, 2025.
Sheikh Hasina fled Bangladesh on Aug. 5, 2024 after mass protests; she did not negotiate this wheat deal.
Bangladesh agreed to import 700,000 metric tons of U.S. wheat annually at $302.75 per ton, roughly $68 above Black Sea market prices.
Commerce Adviser Sk Bashir Uddin led Bangladesh's tariff negotiations with USTR Ambassador Jamieson Greer.
Bangladesh secured a 20% reciprocal tariff rate, reduced from the threatened 37%, with tariffs taking effect Aug. 7, 2025.
The deal required Bangladesh to also buy 25 Boeing aircraft, U.S. cotton, soybeans, and LNG, plus grant duty-free access to 600+ American products.
Bangladesh's ready-made garments industry represents 80% of exports ($8 billion annually) and employs 4+ million workers, primarily women.
📈Trade🌍Foreign Policy💰Economy
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Q1
Who is the Prime Minister of Bangladesh mentioned in the topic?
Q2
Bangladesh secured an exemption from Trump's universal tariffs.
Q3
The topic recommends stocking up on imported goods before August 1 price increases.
Q4
When do Trump's universal tariffs take effect?
Q5
Traditional US allies like Canada and Mexico face full tariff rates despite special relationships.
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Muhammad Yunus
Chief Adviser, Bangladesh Interim Government
Sk Bashir Uddin
Commerce Adviser, Bangladesh Interim Government
Jamieson Greer
U.S. Trade Representative
Donald Trump
President of the United States
Howard Lutnick
U.S. Commerce Secretary
Ali Imam Majumder
Food Adviser, Bangladesh Interim Government