Bangladesh Plans to Purchase US Wheat as Tariff Threat Looms

Bangladesh has signed an initial agreement with US wheat growers to import 700,000 tons of the grain annually over five years as Dhaka faces the threat of steep US tariffs.

A memorandum of understanding was signed on Sunday between the Directorate General of Food and the US Wheat Associates, a trade group representing American growers, according to a statement from Bangladesh’s food ministry.