KARACHI: United States President Donald Trump announced on Wednesday the imposition of reciprocal tariffs on several countries, including a 29% tariff on Pakistani products, a move widely seen as a jolt to the global economy still recovering from the COVID-19 pandemic.
The decision came after Trump defended the measures as necessary to address long-standing trade imbalances and what he described as unfair treatment of American goods abroad.
The US leader has called for realigning trade with both allies and competitors since taking office, arguing that high tariffs imposed by partner countries have effectively subsidized their economies at America’s expense.
According to a list of tariffs shared by Reuters, Trump has imposed a 29% tariff on Pakistan.
“Pakistan has been charging us a 58% tariff on our goods,” he was quoted as saying by Geo TV. “Hence, we are imposing a 29% tariff on their products.”
The US remains one of Pakistan’s largest trading partners.
According to the Office of the United States Trade Representative, total goods trade between the US and Pakistan was estimated at $7.3 billion in 2024. US exports to Pakistan reached $2.1 billion, marking a 4.4% increase from the previous year, while imports from Pakistan totaled $5.1 billion, up 4.9% compared to 2023.
Alongside Pakistan, the US has also slapped a 26% reciprocal tariff on India, in a blow to New Delhi’s expectations of tariff relief.
“In many cases, the friend is worse than the foe in terms of trade,” Reuters quoted Trump as saying during the announcement. “We subsidize a lot of countries and keep them going and keep them in business. Why are we doing this? I mean, at what point do we say you got to work for yourselves.”
“We are finally putting America first,” he added, calling trade deficits “a national emergency.”
Trump held up boards displaying the new tariff rates, ranging from 10% to 49% for most countries. He said that in most cases, the US was imposing about half the tariff rates that other countries charge, though in some instances the rates were matched exactly.
With input from Reuters
Trump targets Pakistan with 29 percent tariff as part of new trade policy
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Trump targets Pakistan with 29 percent tariff as part of new trade policy
- US is a key market for Pakistani exports, with bilateral trade estimated at $7.3 billion in 2024
- US has also slapped a 26% reciprocal tariff on India, dashing New Delhi’s hopes of tariff relief
Sri Lanka seal gritty T20 win over Pakistan to level series
- In a contest trimmed to 12 overs a side, Sri Lanka scored 160 runs before choking Pakistan to 146-8
- The series saw the visitors clinch the opener by six wickets before rain washed out the second game
Dambulla: Sri Lanka eked out a hard fought 14-run victory over Pakistan in the third T20 at rain-hit Dambulla on Sunday, easing their batting jitters and squaring the three-match series 1-1.
The series, a warm-up for the T20 World Cup with Pakistan set to play all their matches in Sri Lanka due to political tensions with nuclear-armed neighbors India, saw the visitors clinch the opener by six wickets before rain washed out the second game.
“We were a bit worried about our batting and I’m glad we addressed that today,” said Wanindu Hasaranga, who walked away with both Player of the Match and Player of the Series honors.
“The bowlers did a good job too. The ball was wet and it wasn’t easy. We tried to bowl wide and slow and asked them to take risks.”
Hasaranga took four wickets in the game and in the process completed 150 wickets in T20Is.
In a contest trimmed to 12 overs a side, Sri Lanka muscled their way to a competitive 160 before choking Pakistan to 146-8.
Having been bowled out inside 20 overs in the series opener, Sri Lanka needed a statement with the bat and duly ticked every box after being put in.
The top order laid the platform and the middle order applied the finishing touches.
Wicket-keeper Kusal Mendis made hay under the Power Play, blasting 30 off 16 balls while Dhananjaya de Silva (22 off 15) and Charith Asalanka (21 off 13) kept the scoreboard ticking.
Skipper Dasun Shanaka then swung the momentum decisively, clubbing 34 off just nine deliveries, peppered with five towering sixes.
The sixth-wicket stand between Shanaka and Janith Liyanage produced 52 runs in just 15 balls and proved the turning point, shifting the game firmly Sri Lanka’s way.
Pakistan came out swinging in reply, racing to 50 in just 19 balls with captain Salman Agha hammering 45 off 12 balls, including five fours and three sixes.
But once the field spread, Sri Lanka tightened the screws, applied the choke and forced the asking rate to spiral.
“It was a good game of cricket,” Agha said.
“We conceded too many runs, but our batting effort was good. Unfortunately, we fell short. We know we are going to play all our World Cup games in Sri Lanka and it’s important that we played in similar conditions,” he added.
