This paper critically examines the leaked draft of the U.S.–Bangladesh Reciprocal Trade Agreement, revealing it to be a deeply asymmetrical arrangement that compromises Bangladesh’s regulatory sovereignty, economic autonomy, and geopolitical independence. Under the guise of market access and tariff relief, the agreement imposes sweeping U.S. oversight across digital governance, labor law, defense procurement, environmental regulation, and data control. Rather than fostering mutual benefit, the proposed terms reflect a strategic restructuring of Bangladesh’s legal and economic infrastructure to serve U.S. commercial and strategic interests. The analysis situates this deal within the broader context of post-colonial dependency and calls for urgent public scrutiny, renegotiation, and activist resistance.