Trump imposes 29% tariff on Pakistan as part of new trade policy
- US President Donald Trump announced a 29% tariff on Pakistan, citing its 58% tariff on US goods.
- The escalation in tariffs includes a baseline 10% on all imports and could significantly reduce Pakistan's export competitiveness, particularly in textiles.
- Pakistan's Prime Minister formed a 12-member steering committee to address challenges posed by the new tariffs.
- The new tariffs are expected to provoke retaliation from Pakistan and impact global trade, with warnings of rising consumer prices and potential job losses in export-driven industries.
27 Articles
27 Articles
Trump’s tariff gamble could lead to an economic tsunami
The ink on Trump’s signature is barely dry, and already, the reverberations are being felt across the globe. A familiar, yet unsettling refrain, has once again emerged from Washington: swift, unilateral action that defies all norms. With a stroke of his pen, tariffs are soaring, economies are shaking, and markets are bracing for impact. But this is no temporary disruption—this is a deliberate, far-reaching assault on globalization itself. As tar…
Not to Let Crisis Go Waste, Pakistan Says US Tariffs Opportunity for New Negotiations
Get latest articles and stories on World at LatestLY. Prime Minister Shehbaz Sharif set up two committees to tackle the economic implication of the new tariffs imposed by US President Donald Trump, Finance Minister Muhammad Aurangzeb said on Saturday. World News | Not to Let Crisis Go Waste, Pakistan Says US Tariffs Opportunity for New Negotiations.
PM Shehbaz forms committee to deal with US reciprocal tariffs
Prime Minister Shehbaz Sharif addresses 23rd Shanghai Cooperation Organisation Summit, hosted virtually by India, July 4, 2023. — ReutersFollowing the imposition of reciprocal tariffs by United States President Donald Trump on Pakistani goods, Prime Minister Shehbaz Sharif on Friday formed...
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