Pakistan has planned to see the 29% tariff imposed by Trump’s administration as an opportunity rather than a challenge. Recently, Finance Minister Mohammad Aurangzeb said in a statement that Pakistan will use the change in US trade policy as an opportunity.

The US has decided to increase the tariff of 29% on the goods imported from Pakistan, which has created a big challenge in front of Pakistan’s exporters. However, the Finance Minister said that even in such difficult times, Pakistan will try to turn this challenge into opportunity. He said, ‘You should never miss the opportunity to take advantage of the good crisis. We are seeing it both as a challenge and opportunity. “

Washington will be sent high-level delegation

To solve this challenge, Pakistan is planning to send a high-level delegation to Washington. Finance Minister Aurangzeb said that after getting approval from the Prime Minister, this delegation will try to present Pakistan’s favor in the US and strengthen relations between the two countries.

Focus on economic reforms

The Finance Minister said that the Government of Pakistan is also working on various internal reforms. He appreciated the tax-revenue growth and said that by next month, Pakistan’s tax-revenue is expected to reach 10.6 percent. Apart from this, he also talked about a possible decrease in inflation fall and interest rates, which will improve Pakistan’s economic condition.

Improvement in energy sector and debt management

The Finance Minister also talked about reforms in the energy sector, where he announced a shortage of one-third in electricity rates for industries. Apart from this, the government has also extended the loan period in terms of debt management, which will help the government to reduce the burden of interest on loans.

Will you really get the benefit of this tariff

Neighboring country Finance Minister Aurangzeb may be talking about finding benefits in Trump’s tariff, but the Government of Pakistan is worried about this trade war and it is clearly visible. After the announcement of Donald Trump’s tariff, Pakistani Prime Minister Shahbaz Sharif has taken two committees on the matter immediately. A committee is formed under the leadership of Finance Minister Mohammad Aurangzeb. In this, economists and people of industry have been included.

President Donald Trump on Wednesday announced a new tariff on all his business partner countries. Announcing in the Rose Guard of the White House, Trump said that China will impose 34% tax on imported goods. Whereas 20% tariffs will be charged on others including European country. On the one hand, while this announcement has threatened the global economy, on the other hand the possibility of a trade war has increased.

On Wednesday, Trump signed the executive order and called it Liberation Day i.e. Open Day and said that April 2, 2025 would be reborn for the American industry. 10% baseline tariffs will be imposed on all imported goods in the US, which will directly affect more than 180 countries. Countries like China imposed 34 percent tariffs, 20 percent on European Union, 25 percent on South Korea, 46 percent on Vietnam, 32 percent on Taiwan and 10 percent on Australia.

According to Trump, this tariff installed on his behalf will promote domestic production. He said that his move will bring hundreds of billions of new reviews to the US government and will bring equality in global trade.

Let us see how much reciperoch tariff was imposed on which countries on behalf of Donald Trump:

34%on China, European Union: 20%, South Korea: 25%, India: 26%, Vietnam: 46%, Taiwan: 32%, Japan: 24%, Thailand: 36%, Switzerland: 31%, Indonesia: 32%, Malaysia: 24%, Cambodia: 49%, Cambodia: 49%, United Kingdom: 10%, South Africa: 30%, Brahmil: 10%, 10%, Bangladesh: 37%, Singapore: 10%. Israel: 17%. Philippines: 17%, Chile: 10%, Australia: 10%, Pakistan: 29%, Turkish: 10%, Sri Lanka: 44%, Colombia: 10%tariff.

In his address to the White House, Trump said- My American colleagues, this is the liberation day which was waiting for a long time. On 2 April 2025, the US industry will be re -remembered for rebirth, after which the US -rich campaign was again started. Trump further said that the taxpayers had been cheating for more than 50 years for a long time. But now it is not going to be further. The board, led by Trump, decided to impose 52% US tariffs on India and the duskated recipe will be imposed 26%.

President Trump said that India’s business trek has been very tough about America. He cited PM Modi and said that he is our good friend, but I told him- you are our friend, but you are not behaving well with America. They are charging 52% on us. You have to understand that we did not charge anything for many years and decades. And this happened when I came to American power seven years ago and started it on China.

Also read: From medicine to steel and jewelery …, how is the impact of 26% discounted recipe of America on India?