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Trump Sets Pakistan’s Lowest 19% Tariff in South Asia’s Trade Shift

Trump Sets Pakistan’s Lowest 19% Tariff in South Asia’s Trade Shift

In a significant move to protect domestic industries, the United States has introduced a 19 percent import tariff on goods from Pakistan. This decision, part of a broader trade policy announced by President Donald Trump, aims to regulate imports from several countries, including Pakistan.

The new tariff reflects the US’s focus on reshaping its trade relationships to benefit its local economy.

The tariff on Pakistan is part of a larger set of import duties targeting various countries. The US has also imposed higher tariffs on other nations: 35 percent on Canada, 20 percent on Vietnam, 25 percent on India, and 15 percent on Turkey.

Additional tariffs have been set for countries like Bangladesh (20%), Cambodia (19%), Sri Lanka (20%), and Thailand (20%).

Beyond these, the US government has outlined other tariffs, including a 15 percent tariff on Israel and Venezuela, 39 percent on Switzerland, 35 percent on Iraq, and 15 percent on Japan. Further duties include 40 percent on Laos and Myanmar, and 30 percent on Libya.

The US administration’s goal is to boost domestic industries by discouraging imports and encouraging local production. Although the 19 percent tariff on Pakistan is significant, it is still lower than some of its regional competitors’ tariff rates.

This slight advantage may present a unique opportunity for Pakistan, allowing the country to attract foreign investment while navigating the evolving US trade landscape.

As of now, there has been no immediate response from Pakistan or many of the other affected nations. The impact of these tariffs will likely unfold over time as countries assess their next steps in the wake of these changes.

In conclusion, the newly imposed tariff on Pakistan is a part of the US’s broader trade strategy. It highlights the changing dynamics of global trade and the increasing focus on protecting domestic industries.

How affected countries will respond remains to be seen, but this move marks a significant shift in international trade relations.

Here’s how Pakistan compares to some of the countries under the new reciprocal tariff regime:

Nauru15%
New Zealand15%
Nicaragua18%
Nigeria15%
North Macedonia15%
Norway15%
Bangladesh20%
Pakistan19%
India25%
Papua New Guinea15%
Philippines19%
Serbia35%
South Africa30%
South Korea15%
Sri Lanka20%
Switzerland39%
Syria41%
Taiwan20%
Thailand19%

In other news read more about Indian State Refiners Halt Russian Oil Imports After Trump’s 25% Tariff Threat

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