Yunus administration rushes secretive US tariff deal before Bangladesh election

Bangladesh's interim government under Muhammad Yunus is set to sign a tariff deal with the United States, hidden behind a non-disclosure agreement. This secretive move has raised concerns among textile exporters and business leaders. Questions arise over the legality of the unelected regime finalizing such agreements just weeks before potential elections.

The interim administration in Bangladesh, led by Muhammad Yunus, is preparing to ink a tariff agreement with the US, as reported by India Today on February 5, 2026. This deal, affecting the vital garment and textile sector, is bound by a non-disclosure agreement that obscures key details from the public and stakeholders.

Bangladeshi business leaders, particularly in the readymade garment industry, express worry over the lack of transparency. The secrecy surrounding the agreement's terms has fueled anxiety about its potential impact on exports, a cornerstone of Bangladesh's economy.

A larger concern is the timing and authority of the unelected Yunus regime to commit to international pacts. With elections slated for 2026 and a new government possibly taking office in weeks, critics question whether such binding decisions are legally permissible. The report highlights the tension between the interim setup's actions and the impending democratic transition.

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South Korean Trade Minister Yeo Han-koo speaks to press on consultations to prevent US tariff increases.
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서울, 미 관세 인상 방지 위해 협의 지속… 여한구 장관

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여한구 산업통상자원부 장관은 2026년 2월 5일 미국 방문에서 귀국하며, 도널드 트럼프 대통령의 관세 인상 위협에 대응해 미국과의 협의를 계속하겠다고 밝혔다. 이는 한국의 무역 협정 이행 지연을 이유로 한 미국의 25% 관세 부과 계획에 따른 조치다. 장관은 의회 특별법 제정 노력과 비관세 장벽 문제를 강조했다.

Former Bangladesh Prime Minister Sheikh Hasina said in her interview that the country is sliding into chaos under the interim government led by Muhammad Yunus, due to unchecked violence, rising extremism, and worsening ties with India.

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State Secretary Prasetyo Hadi stated that President Prabowo Subianto is ready to sign the final document of the reciprocal tariff agreement between Indonesia and the US with US President Donald Trump once the draft agreement is finalized. Negotiations are entering the final legal drafting stage from January 12-19, 2026, in Washington D.C. The hope is for signing by the end of January.

President Donald Trump warned the US Supreme Court that a ruling against his reciprocal tariffs would cause massive financial chaos, following his call with Mexican President Claudia Sheinbaum. In a Truth Social post, Trump stated that overturning the tariffs would require refunding hundreds of billions of dollars and impact trillions in investments. The Court, skeptical in a November hearing, could annul the measures announced in April 2025.

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Chile's Finance Ministry has summoned opposition advisors for a Monday virtual meeting to explain the public sector adjustment bill's controversial 'tying' clause, following initial backlash from president-elect José Antonio Kast's team. The session aims to smooth congressional processing from January 5, while the presidential office orders political appointees to take pending vacations before March's government handover.

A trade deal between India and the US was announced following a phone call between US President Donald Trump and Prime Minister Narendra Modi. Under the agreement, US tariffs on Indian exports have been reduced from 50% to 18%. Indian officials confirm the tariff cut, while Trump claims India will stop buying Russian oil and commit to purchasing $500 billion in US goods.

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Bangladesh's former prime minister and BNP leader Khaleda Zia died on December 30, 2025, marking the end of an era in the nation's politics. Her death comes as her son Tarique Rahman returns from exile, with the country preparing for elections under an interim government. The event underscores the ongoing transition following Sheikh Hasina's ouster.

 

 

 

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