Bangladesh's $**** billion garment exports in April (+**% YoY) is base-effect optics, with Eid-ul-Fitr 2025's ten production-day shutdown flattering the comparison.
The real cliff is the November **** EBA expiry, not the **** LDC graduation; the WTO's modelled hit is $***** billion, not the $**** billion figure Dhaka quotes.
The US zero-tariff carve-out is volume-quota, not cotton-content.
