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Pak Expects Breakthrough in US Tariff Talks

WASHINGTON, D.C., UNITED STATES, JUL 18 – Pakistan aims to reduce its $3 billion trade deficit with the US by seeking tariff relief and expanding imports of American cotton and soybeans, officials said.

  • In Washington, D.C., on April 25, 2025, Finance Minister Muhammad Aurangzeb is actively pursuing a trade deal with the United States, aiming to finalize before the August deadline, Bloomberg reported.
  • Facing economic pressures, Pakistan's trade deficit with the U.S. led to negotiations, as ties improved after a prolonged diplomatic chill, including a $3 billion deficit and efforts to secure tariff relief.
  • In detailed negotiations, U.S. shared a detailed list of trade demands with Pakistan, with Reuters reporting the disclosure.
  • The finance ministry said Aurangzeb met U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, describing it as a ‘productive meeting’ with Lutnick and Greer.
  • While understanding was reached, a formal announcement is expected only after the U.S. concludes similar negotiations with other partners, indicating progress with caveats.
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18 Articles

Colorado Springs GazetteColorado Springs Gazette
+4 Reposted by 4 other sources
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Pakistan says it held productive trade talks in Washington

By Asif Shahzad

·Colorado Springs, United States
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Bloomberg broke the news in United States on Friday, July 18, 2025.
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