Bangladesh's Wheat Deal with U.S. Eases Trade Tensions

In an effort to alleviate trade tensions and reduce import tariffs imposed by the Trump administration, Bangladesh's government has sanctioned the procurement of approximately 220,000 metric tons of wheat from the United States.

This initiative is part of a larger agreement signed in July, promising annual imports of 700,000 tons over the next five years. The wheat will be supplied through a direct government-to-government deal at a rate of $302.75 per ton, facilitated by a Singapore-based trading company.

A Bangladesh delegation is currently engaging in trade talks in the U.S., highlighting the country's strategy to address a $6 billion trade imbalance with the United States, previously exacerbated by USAID's dismantlement and subsequent tariff threats.

(With inputs from agencies.)