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Trump Imposes 29% Tariff on Pakistan Goods

admin-augaf by admin-augaf
April 3, 2025
in Business, Culture, Finance, International, National, News, Politics
Reading Time: 2 mins read
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World Loses more than $2 trillion Annually due to Illicit Trade, UNCTAD

World Loses more than $2 trillion Annually due to Illicit Trade, UNCTAD

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Washington DC April 2 2025: The U.S. slapped a 29% reciprocal tariff on Pakistan under President Donald Trump’s global trade policy that has unnerved world markets for weeks.

The reciprocal tariff will be effective from April 9, according to a statement from the White House.

President Donald Trump and the White House laid out the U.S. reciprocal tariff rates that more than 180 countries and territories will face under his sweeping new trade policy.

In addition to the sweeping country-by-country tariffs announced today, Trump also imposed a 10% baseline tariff that effectively ensures a tariff on any country that is not among the more than 180 singled out.

“All articles imported into the customs territory of the United States shall be, consistent with law, subject to an additional ad valorem rate of duty of 10%,” unless otherwise noted, the executive order signed this afternoon reads.

Trump also reserves the right to raise this baseline rate “should U.S. manufacturing capacity and output continue to worsen.

In charts posted on social media, the White House shows the effective tariff rates they claim other countries impose on American goods, including by “currency manipulation and trade barriers.”

An adjacent column shows the new tariff rates the U.S. will impose on each country or territory, including the European Union. The reciprocal rates are not necessarily the only U.S. tariffs these countries will face.

Trump held up the chart when he unveiled his tariff policy in the White House Rose Garden.

Tags: TariffTrade warTrump
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