By Admin 
US President Donald Trump has recently announced to impose new tariffs on many countries of the world. The name of Pakistan was not included in these countries till now, but still Shahbaz Sharif has a tension that Trump should not announce a long tariff on Pakistan. Pakistan Finance Minister Aurangzeb is visiting the US.
Aurangzeb talked with American officials Lutynik and Greyer about tariffs. During this time, along with the tariff issue between the two countries, he also considered strengthening business relations. The Pakistani Foreign Ministry issued a statement on the matter, saying that the conversation was productive and both sides called it positive. Both countries discussed opportunities to promote economic partnership. This dialogue is considered important for Pakistan’s export sector, especially textile and agricultural sector.
America did not make any official announcement
Even though there has been talks between Pakistan and America, but no formal announcement has been made from the US so far. According to sources, the US will currently declare a policy for Pakistan only after completing the talks with its other business colleagues. This attitude suggests that the US is holding separate talks with all partners as part of a broad tariff strategy, so that a joint and strict policy can be revealed.
New twist in America-Pakistan relationship
Significantly, in the last few years, relations between America and Pakistan have been stressful. But since the meeting of Donald Trump and Pakistani Army Chief Aseem Munro at the White House last month, there have been indications of improvement in relationships. It was only after this meeting that business talks between Pakistan and America started, which is now being transformed into a wider tariff discussion.
Tariff influence on Pakistan’s economy
Tariffs can prove to be a big risk for Pakistan’s economy. Export -dependent economy may get a big shock. Pakistan’s textile, agricultural and industrial products may be affected in the US market. Increasing tariffs can make exports expensive and weak in competition. However, if the agreement is successful, Pakistan can get a fee concession. This can strengthen Pakistan’s economic stability and strategic relations with the US.
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