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Bangladesh orders 25 Boeing aircraft as part of a push to reduce US tariffs

A senior official revealed on Sunday that Bangladesh had ordered 25 Boeing aircraft and increased imports of important American goods to ease trade tensions. The goal was to reduce the high tariffs levied by the Trump Administration.

The move is part of a larger strategy to reduce a $6 billion U.S. Trade deficit with Bangladesh, and avoid an upcoming 35% tariff increase that has shaken the country's Export Sector.

Mahbubur Rahman, Commerce Secretary told reporters that "we need new aircraft urgently. It could be within the next two years." He said that initially, the plan was to buy 14 aircraft, but now, it is 25.

Bangladesh has also increased its imports of soybean oil, cotton, and wheat from the United States. The country will import 700,000 tonnes U.S. Wheat annually for the next five year under a new agreement signed this month.

These steps are intended to improve the trade relationship with Washington, and lessen the impact of Trump's tariffs.

(source: Reuters)