Bangladesh orders 25 Boeing planes as part of push to ease US tariffs

A Boeing 737 MAX aircraft is assembled at the company’s plant in Renton, Washington, US, on June 25, 2024. (Reuters/File)
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Updated 27 July 2025
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Bangladesh orders 25 Boeing planes as part of push to ease US tariffs

  • Bangladesh is trying to avoid a looming 35 percent tariff hike that has rattled the country’s export sector
  • Alongside aircraft deal, Bangladesh is boosting wheat, soybean oil and cotton imports from the US

DHAKA: Bangladesh has ordered 25 aircraft from Boeing and ramped up imports of key American goods in an effort to defuse trade tensions and bring down the steep tariffs imposed by the Trump administration, a senior official said on Sunday.

The moves are part of a broader strategy to narrow a $6 billion US trade deficit with Bangladesh and avoid a looming 35 percent tariff hike that has rattled the country’s export sector, especially the garments industry which risks losing competitiveness in one of its largest markets.

“We need new aircraft urgently, possibly within the next couple of years,” Commerce Secretary Mahbubur Rahman told reporters. “Initially, it was 14 planes — now it’s 25,” he said, referring to an earlier plan to purchase aircraft from the US-based manufacturer.

Alongside the aircraft deal, Bangladesh is boosting imports of wheat, soybean oil and cotton from the United States. A new agreement signed earlier this month will see the country import 700,000 tons of US wheat annually over the next five years.

Officials hope that these steps will help improve trade relations with Washington and soften the impact of the Trump administration’s tariff measures.


US Vice President Vance heads to Armenia, Azerbaijan to push peace, trade

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US Vice President Vance heads to Armenia, Azerbaijan to push peace, trade

  • Vance is promoting TRIPP, a proposed 43-km corridor across southern Armenia linking Azerbaijan to its Nakhchivan exclave and ally Turkiye

TBILISI: US Vice President JD Vance will visit Armenia and Azerbaijan this week to push a Washington-brokered peace ​agreement that could transform energy and trade routes in the strategic South Caucasus region.

His two-day trip to Armenia, which begins later on Monday, comes just six months after the Armenian and Azerbaijani leaders signed an agreement at the White House seen as the first step toward peace after nearly 40 years of war.
Vance, the first US vice president to visit Armenia, is seeking to advance the Trump Route for International Peace and Prosperity (TRIPP), a proposed 43-kilometer (27-mile) corridor that would run across southern Armenia and give Azerbaijan a direct route to its exclave ‌of Nakhchivan ‌and in turn to Turkiye, Baku’s close ally.
“Vance’s visit should ‌serve ⁠to ​reaffirm the ‌US’s commitment to seeing the Trump Route through,” said Joshua Kucera, a senior South Caucasus analyst at Crisis Group.
“In a region like the Caucasus, even a small amount of attention from the US can make a significant impact.”
The Armenian government said on Monday that Vance would hold talks with Prime Minister Nikol Pashinyan and that both men would then make statements, without elaborating.
Vance will then visit Azerbaijan on Wednesday and Thursday, the White House has said.
Under the agreement signed last year, ⁠a private US firm, the TRIPP Development Company, has been granted exclusive rights to develop the proposed corridor, with Yerevan ‌retaining full sovereignty over its borders, customs, taxation and security. The ‍route would better connect Asia to Europe ‍while — crucially for Washington — bypassing Russia and Iran at a time when Western countries are ‍keen on diversifying energy and trade routes away from Russia due to its war in Ukraine. Russia has traditionally viewed the South Caucasus as part of its sphere of influence but has seen its clout there diminish as it is distracted by the war in Ukraine. Securing US access to supplies of ​critical minerals is also likely to be a key focus of Vance’s visit. TRIPP could prove a key transit corridor for the vast mineral wealth of ⁠Central Asia — including uranium, copper, gold and rare earths — to Western markets.

CLOSED BORDERS, BITTER RIVALS
In Soviet times the South Caucasus was criss-crossed by railways and oil pipelines until a series of wars beginning in the 1980s disrupted energy routes and shuttered the border between Armenia and Turkiye, Azerbaijan’s key regional ally.
Armenia and Azerbaijan were locked in bitter conflict for nearly four decades, primarily over the mountainous region of Nagorno-Karabakh, an internationally recognized part of Azerbaijan that broke away from Baku’s control as the Soviet Union fell apart in 1991.
Azerbaijan and Armenia fought two wars over Karabakh before Baku finally took it back in 2023. Karabakh’s entire ethnic Armenian population of around 100,000 people fled to Armenia. The two neighbors have made progress in recent months on normalizing relations, including restarting ‌some energy shipments.
But major hurdles remain to full and lasting peace, including a demand by Azerbaijan that Armenia change its constitution to remove what Baku says contains implicit claims on Azerbaijani territory.