Despite fresh US tariffs on Bangladeshi goods, the Dhaka Stock Exchange indices posted gains as traders anticipate a negotiated trade reprieve before the August 1 deadline.
July-8, 2025: Even as US President Donald Trump slapped a steep 35% tariff on goods from Bangladesh as part of his renewed global trade offensive, the Dhaka Stock Exchange (DSE) remained resilient. On Tuesday, key benchmark indices closed in the green, signaling investor optimism about possible negotiations ahead of the August 1 implementation deadline.
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The DSEX index, DSE’s key benchmark, ended 0.11% higher at 4981.63, while the DSES index rose 0.23% to 1083.75. The DSE30 index, which tracks 30 major stocks, also gained 0.127% to settle at 1875.38. These follow a strong rally of 1.5% to 2% in the previous session, highlighting bullish sentiment.
🧵 Textile at Risk, Diplomacy on Standby
Trump’s latest tariff announcement affects 14 countries, with Bangladesh among the worst-hit. The 35% tariff on Bangladeshi goods—down from an initially proposed 37%—is seen as a major blow to the country’s garment exports, which form the backbone of its economy.
Also Read: Trump Announces August 1 Tariffs on 14 Nations in Major Trade Push
According to the US Trade Representative, US imports from Bangladesh stood at $8.4 billion in 2024, a 1.1% increase from the previous year. But with a $6.2 billion trade deficit, the US has targeted Dhaka to “rebalance” trade.
Meanwhile, Vietnam, a key rival in ready-made garments, secured a relatively milder 20% tariff, leaving Bangladesh at a competitive disadvantage.
🕊️ Negotiation Window Open Until August 1
The tariffs are not immediate. Trump has signed an executive order delaying their implementation until August 1, allowing for last-minute deals. Commerce Adviser Sk. Bashir Uddin, speaking from Washington, said:
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“We will give and try our best to find a mutually win-win proposition… the goal is to find common ground.”
High-level trade talks between Bangladesh and the US are scheduled for July 9–10, where Dhaka will attempt to negotiate softer terms or exemptions.
📊 Market Outlook Remains Buoyant
Despite global trade jitters, DSE’s momentum remains strong:
- DSE30 Index: Up 3% in July so far, after a 5% gain in June
- DSEX Index: Rose 2.85% in July, after gaining 4.32% in June
- Rebounded from a 13% drop over March–May
Investors appear to be betting on diplomatic breakthroughs, continued export strength, and stabilisation of macroeconomic indicators.
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