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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Seoul to continue consultations with US to prevent tariff hike: minister

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Trade Minister Yeo Han-koo stated upon returning from a weeklong US trip on February 5, 2026, that South Korea will continue close consultations with the United States to avert a tariff hike threatened by President Donald Trump. The move follows Trump's surprise announcement to raise reciprocal tariffs and auto duties on Korea to 25 percent, citing delays in Seoul's legislative process for their bilateral trade deal. Yeo highlighted ongoing efforts to legislate a special bill and address non-tariff issues.

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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