Bangladesh hopes to reduce tariffs through jet purchase: Bangladesh is mulling over acquiring 25 Boeing jets of an undisclosed model in hopes of lowering US tariffs from 35%, taking Indonesia as an example, Bangladeshi Commerce Secretary Mahbubur Rahman told Bloomberg.

The US + Bangladesh will talk it out: The commerce secretary is part of a delegation set to hold trade talks with US Trade Representative officials starting today until Friday, before the 1 August tariffs deadline. “If they compare our offer with others, we should get a better deal,” he told the news outlet. Bangladesh inked another agreement to import 700k tons of US grain over the next five years, and plans to ramp up imports of US cotton and soybeans to reduce its USD 6 bn trade surplus with the US.

REFRESHER- US President Donald Trump agreed with Indonesia and the Philippines on 19%tariffs, with zero tariffs on US goods exported to both countries — down from the 32% previously stated in a letter to Indonesia. Indonesia also agreed to acquire 50 Boeing jets (mainly the 777 model), USD 15 bn in US energy, and USD 4.5 mn in US agricultural products to get the reduced tariffs, The Guardian reported earlier this month.

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