The RV Industry Association recently released the following tariff updates:
Update – Feb. 10, 2026: Below are the latest tariff updates on India, Bangladesh and Iran.
India
On Feb. 6, President Donald Trump signed an Executive Order ending the additional 25% International Emergency Economic Powers Act (IEEPA) tariff on goods of Indian origin that had been imposed over India’s purchases of Russian oil. The termination took effect at 12:01 a.m. EST on Feb. 7.
This Order does not modify the separately imposed 25% IEEPA reciprocal tariff. However, the United States and India issued an “Interim Agreement” under which IEEPA reciprocal tariffs on certain Indian goods would be reduced to 18%, while other designated products would qualify for zero reciprocal duties. The statement did not specify a timeline for implementing these tariff changes.
To read the Executive Order, click here.
To read the Joint Statement, click here.
To read the Fact Sheet, click here.
Bangladesh
On Feb. 9, President Donald J. Trump announced The United States and Bangladesh reached an Agreement on Reciprocal Trade. The deal lowers the reciprocal tariff rate from 20% to 19% and will allow a not-yet-specified volume of certain textile and apparel products imported from Bangladesh to be fully exempt from reciprocal tariffs through an exemption mechanism, which may also include content restrictions. Bangladesh has committed to provide significant preferential market access for U.S. industrial and agricultural goods, including chemicals, machinery and parts and motor vehicles and parts. The deal will become effective sixty days after both parties submit written notification to each other of the completion of their required legal procedures, or “on such other date as the Parties may decide.”
To read the text of the Joint Statement, click here.
To read the Fact Sheet, click here.
Iran
On Feb. 6, President Donald J. Trump signed an Executive Order reaffirming the ongoing national emergency with respect to Iran and establishing a process to impose an unspecified rate of duty on countries that acquire any goods or services from Iran. Tariffs can be made effective as early as 12:01 am EST Feb. 7. The action was taken pursuant to the International Emergency Economic Powers Act (“IEEPA”), following the President’s determination that Iran’s conduct constitutes an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States.
The process requires the Secretary of Commerce to determine whether a foreign country “directly or indirectly purchases, imports, or otherwise acquires any goods or services from Iran.” Commerce must formally notify the Secretary of State and provide supporting information. The Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of Commerce, and the United States Trade Representative, will then determine whether and to what extent additional tariffs should be imposed on goods that are the products of that foreign country.
To read the text of the Executive Order, click here.
To read the Fact Sheet, click here.
El Salvador
Update – Jan. 30, 2026: The United States Trade Representative Jamieson Greer has signed an Agreement on Reciprocal Trade with El Salvador following the November 13 announcement of a completed deal. The base reciprocal rate will be 10% (on top of normal Most-Favored Nation (MFN) duties) except for product exemptions specified in the provided annexes. Textiles and apparel products that qualify for preferential treatment under the Dominican Republic–Central America–United States Free Trade Agreement (CAFTA-DR) are also exempted from the 10% reciprocal tariff.
To read the text of the Agreement between the United States of America and El Salvador on Reciprocal Trade, click here.
To read the Joint Statement on Framework for United States-El Salvador Agreement on Reciprocal Trade, click here.
To read the Fact Sheet, click here.
Please contact RV Industry Association Director of Federal Affairs Samantha Rocci at srocci@rvia.org with any questions.
- Find all the latest tariff updates here. It is important to note that there are more details to come on these agreements, and RVIA is sharing information as it becomes available.
