The White House has announced new deals with Bangladesh and India in deals announced earlier in February. Bangladesh’s reciprocal rate will drop to 19%, with an as-yet unquantified amount of textile and apparel imports avoiding reciprocal duties. India will no longer face an additional 25% tariff, with its reciprocal rate dropping to 18%.
Separately, President Trump established a process for interested parties to request tariffs on imports from countries doing business with Iran on February 6. Tariffs “may be imposed on goods imported into the United States that are products of any country that directly or indirectly purchases, imports, or otherwise acquires any goods or services from Iran.”
Finally, three Republicans broke with House leadership and voted with all Democrats to allow members to bring resolutions to the floor of the House overturning the imposition of tariffs by President Trump. Reps. Thomas Massie of Kentucky, Kevin Kiley of California and Don Bacon of Nebraska, who have all been critical of tariffs, joined with Democrats to narrowly defeat an effort by Speaker of the House to block such resolutions. The first such resolution will be to remove all tariffs on Canada, which could be voted on as soon as this week.