Textile and garment production accounts for about 80 percent of exports in the South Asian country, and the industry has been rebuilding after it was hard hit in a revolution that toppled the government last year.
Bangladesh exports $8.4 billion of garments annually to the United States, according to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the national trade body.
Interim leader Muhammad Yunus “convened an emergency meeting... to discuss the US tariff issue,“ the government said in a statement.
Bashiruddin said he believed Bangladesh would “not be severely affected”, adding that some other competitors faced “much higher than those on us“.
“I have already spoken with several State Department officials,“ Rahman said on Saturday.
Bangladesh's tax authority, the National Board of Revenue, is also expected to meet to review the fallout from the tariffs.
“Buyers will go to other cost-competitive markets -- this is going to be a massive blow for our industry,“ he said.
Anwar Hossain, administrator of the BGMEA, has told AFP that the industry was “not ready” for the tariff impact.
Bangladesh, the second-largest producer after China, manufactures garments for global brands -- including for US firms such as Gap Inc, Tommy Hilfiger and Levi Strauss.
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