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The president on March 18 authorized foreign-flagged vessels to transport a range of commodities between U.S. ports for the next 60 days.

The Trump administration is weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Interior Secretary Doug Burgum said.

“The agreement will provide U.S. and Bangladeshi exporters unprecedented access to each other’s respective markets,” the White House said in a statement.

Trump’s proposal represents a win for the auto and oil industries that argued the requirements pushed the bounds of available technology for getting more miles out of each gallon of fuel.

The White House meeting came just days after the U.S. announced the $20 billion currency swap — meant to help shore up Argentina’s peso and calm financial markets in the South American nation.

The Trump administration launched investigations into imports of robotics, industrial machinery and medical devices, setting the stage for fresh duties.

Trump last week announced a 25% rate on Indian exports. He also threatened more duties if India continued to buy oil from Russia.

The measure would open new opportunities for oil and gas development in the mammoth National Petroleum Reserve-Alaska, an Indiana-sized parcel in the northwest of the state.

President Donald Trump said he expected to speak to Chinese President Xi Jinping after accusing China of violating an agreement with the U.S. to ease tariffs.