The United States may announce a reduction in the reciprocal tariffs imposed on Bangladesh by the end of this week or early next week, Chief Adviser’s Special Envoy on International Affairs Lutfey Siddiqi said on Tuesday. Lutfey Siddiqi said he discussed the issue with US Treasury Secretary and member of President Donald Trump’s Cabinet, Scott Bessent, on the sidelines of the Davos conference. On Bangladesh-EU trade relations, Lutfey said discussions were held with EU Commissioners Roxana Mînzatu and Jozef Síkela on a possible Free Trade Agreement (FTA). Lutfey Siddiqi said discussions with Thai Foreign Minister Sihasak Phuangketkewo covered potential Thai investment in Bangladesh’s food processing sector and the use of Thai ports to boost bilateral trade. Bangladesh must remain focused on its rightful demands.”Highlighting talks with IOM Director General Amy Pope, Lutfey said discussions focused on legal migration from Bangladesh.

Source: Dhaka Tribune January 27, 2026 13:08 UTC