Trade war
By News Desk
April 06, 2025
The escalation in the trade war triggered by US President Donald Trump’s tariffs barrage has caused turmoil in global markets. Smaller economies, such as Pakistan, are also at risk. Pakistan relies on both the US and China for trade; thus, the tariffs could result in supply chain disruptions, increased import costs, and reduced demand for its exports.
Pakistan’s major exports, including textiles, garments and agricultural products, may become more expensive and less competitive in the US market due to these tariffs. The ripple effects of the trade war could hinder economic growth in Pakistan, destabilise currency markets and worsen existing financial challenges.
Sajid Awan
Dubai
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