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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Muhammad Yunus speaks emphatically at podium during farewell address, Bangladesh flag and regional map in background.
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Muhammad Yunus emphasizes Bangladesh's sovereignty in farewell address

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Bangladesh's interim chief Muhammad Yunus stated in his farewell address on February 16, 2026, that the country is no longer a nation with a submissive foreign policy. He proposed regional cooperation involving Nepal, Bhutan, and India's northeastern states but did not directly name India. The address came a day before the swearing-in of a new government led by BNP leader Tarique Rahman.

Tarique Rahman was sworn in as Bangladesh's prime minister after the February 12 elections, where his BNP party won 212 seats. This development offers India a chance to recalibrate ties with Dhaka amid past tensions. Indian officials have shown outreach by attending key events.

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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.

The U.S. and India are close to finalizing an interim trade deal, but gaps persist over pulses and the pacing of tariff reductions. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,” a U.S. official told The Hindu. Washington officials are now addressing details following a Supreme Court ruling.

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더불어민주당은 26일 한미 관세 협상 결과에 따른 3,500억 달러 규모의 대미 투자 약속을 뒷받침하기 위한 특례법을 제출했다. 이 법안은 자동차 관세를 25%에서 15%로 인하하고 소급 적용하는 내용을 포함한다. 야당은 의회 비준을 요구하며 논란이 예상된다.

The U.S. Trade Representative’s office announced on Monday that it will seek further reductions in foreign tariffs and non-tariff barriers, enforce reciprocal trade deals, and consider new unfair trade practices investigations. These pledges form part of the Trump administration’s 2026 Trade Policy Agenda, released over a week after the Supreme Court struck down President Donald Trump’s tariffs under the International Emergency Economic Powers Act.

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대만 당국은 미국 관세를 15%로 인하한 것을 '홈런'이라 칭송했으나 야당은 섬의 반도체 산업을 파괴할 위험이 있다고 경고하고, 베이징은 이를 착취 음모로 규정했다. 이 거래는 대만이 미국에 최대 5천억 달러를 투자하는 대신 관세 인하를 받는 내용이다. 관찰자들은 대만 산업 기반의 공백화 가능성에 우려를 표했다.

 

 

 

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