Pakistan and Canada agree to expand trade, investment and economic cooperation during Anita Anand's Islamabad visit
The United States has imposed new tariffs ranging from 10% to 12.5% on 60 trade partners, including Pakistan, India, China, and the European Union, citing forced labor concerns.These tariffs replace an expiring global duty initiated by former President Donald Trump.
US Trade Representative Jamieson Greer emphasized that trading partners must adopt similar measures as the US has enforced its import ban for nearly a century.The Trump administration is rebuilding tariff policies after Supreme Court rulings invalidated previous duties.New levies target specific countries like Argentina, Bangladesh, and Pakistan, with combined rates for the EU, Japan, and South Korea.Exemptions include energy products, fertilizers, and goods under USMCA.Target nations condemned the tariffs as unjustified, with Japan and Australia criticizing them for lacking evidence of forced labor.The measures aim to strengthen legal resilience against challenges while maintaining leverage over trading partners.
Additional investigations into 16 economies for excess industrial capacity could lead to further duties, signaling a more protectionist approach under Trump's administration.
Pakistan and Canada agree to expand trade, investment and economic cooperation during Anita Anand's Islamabad visit
Gwadar Port Maintains Operations Amid Regional Tensions, Solidifying Its Role as a Key Trade Hub
Pakistan's finance minister to engage in trade and tariff discussions with U.S. officials