In a significant shift in trade policy, the United States has imposed tariffs on imports from Pakistan, along with over 180 other countries. This decision, announced by President Donald Trump, includes a reciprocal tariff of 29% on goods imported from Pakistan, which is a response to the high tariffs that Pakistan imposes on American products, reportedly at 58%. This move is part of a broader strategy to address perceived trade imbalances and protect U.S. manufacturing interests. The imposition of these tariffs is expected to have far-reaching implications for Pakistan's economy. Leading businessman Arif Habib has expressed concerns that the tariffs will lead to increased prices for commodities and a subsequent drop in demand. The economic impact could be severe, particularly for industries reliant on exports to the U.S. market, which has traditionally been a significant destination for Pakistani goods. In addition to the immediate economic effects, the tariffs could also infl...
Former U.S. President Donald Trump has announced an upcoming trip to Saudi Arabia, Qatar, and the United Arab Emirates, a visit that promises to focus on enhancing economic ties and political cooperation between the U.S. and these influential Gulf nations. This trip comes at a pivotal moment when global politics and trade relations are experiencing significant shifts, making it a crucial opportunity for dialogue and collaboration. One of the primary topics on Trump’s agenda will be economic partnerships. The Gulf region is home to some of the world’s largest investment funds, and the U.S. has long been a favored destination for these investments. During his visit, Trump is expected to engage in discussions about trade agreements, energy cooperation, and infrastructure investments that could yield mutual benefits for both the U.S. and Gulf countries. In addition to economic matters, security and defense cooperation will play a vital role in the discussions. The U.S. has establishe...