Washington: The United States has imposed new tariffs on Pakistan, India, and several other countries. U.S. President Donald Trump stated that the purpose of these tariffs is to curb unfair trade practices and improve the trade balance. According to Trump, other countries impose high tariffs on American goods, which, in effect, subsidizes their economies at the expense of the U.S.

Pakistan had previously imposed a 58% tariff on American products. In response, the U.S. has now levied a 29% tariff on Pakistani goods. The United States remains Pakistan’s largest trading partner, with bilateral trade volume reaching $7.3 billion in 2024. This year, U.S. exports to Pakistan grew by 4.4%, reaching $2.1 billion, while imports from Pakistan increased by 4.9%, amounting to $5.1 billion.

Economic analysts suggest that these new tariffs could impact Pakistan’s export sector, particularly industries such as textiles and agriculture, which rely heavily on U.S. markets. However, trade experts also believe that diplomatic negotiations could lead to tariff adjustments in the future.