US and Pakistan Commence Tariff Negotiations
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By Anya Sharma | ISLAMABAD – 2025/05/30 22:51:39
Formal discussions between Pakistan and the United States regarding reciprocal tariffs have officially begun. The initial step involved a phone call between Finance Minister Muhammad Aurangzeb and US Trade Representative Jamieson Greer, according to a statement from the finance ministry.
The tariff increases on Pakistani goods,previously announced and then paused by former US President Donald Trump,coudl significantly threaten Pakistan’s export economy,highlighting the urgent need for diversification,according to economists.
The Pakistan Institute of Development Economics has projected that these tariffs could inflict a ample blow to the nation’s exports, possibly resulting in annual losses ranging from $1.1 billion to $1.4 billion.