Trump imposes 29% tariff on Pakistani goods as part of new trade measures

(Web Desk): US President Donald Trump on Wednesday announced new tariffs on a number of countries, including a 29% tariff on goods from Pakistan.

This move is part of his broader plan to address what he sees as unfair trade practices and correct long-standing trade imbalances.

Trump justified his decision by saying it was necessary to fix trade relationships where American products were being treated unfairly. He has long argued that other countries impose high tariffs on US goods, which helps subsidize their own economies at the cost of the US.

According to Trump, Pakistan had been charging the US a tariff of 58% on American goods, which led to the US imposing a 29% tariff on Pakistani products. The US is one of Pakistan’s largest trading partners, with bilateral trade valued at $7.3 billion in 2024. In that year, US exports to Pakistan grew by 4.4% to $2.1 billion, while imports from Pakistan increased by 4.9%, reaching $5.1 billion.

Trump also criticized the practice of subsidizing foreign economies, stating that the US had long been helping other nations and urged them to become more self-reliant. He explained that the tariffs were part of a broader effort to rebalance global trade and ensure that US industries are treated more fairly.

In addition to Pakistan, the US has imposed tariffs on 40 other countries, with rates ranging from 10% to 50%. These tariffs are aimed at countries that have imposed high tariffs on American goods, in an effort to create fairer trade conditions for the US. The new tariffs are part of Trump’s ongoing effort to reshape international trade agreements.

The specific tariff rates for various countries are as follows:

 

China: 34%

 

European Union: 20%

 

Vietnam: 46%

 

Taiwan: 32%

 

Japan: 24%

 

India: 26%

 

South Korea: 25%

 

Thailand: 36%

 

Switzerland: 31%

 

Indonesia: 32%

 

Malaysia: 24%

 

Cambodia: 49%

 

United Kingdom: 10%

 

South Africa: 30%

 

Brazil: 10%

 

Bangladesh: 37%

 

Singapore: 10%

 

Israel: 17%

 

Philippines: 17%

 

Chile: 10%

 

Australia: 10%

 

Pakistan: 29%

 

Turkey: 10%

 

Sri Lanka: 44%

 

Colombia: 10%

 

Peru: 10%

 

Nicaragua: 18%

 

Norway: 15%

 

Costa Rica: 10%

 

Jordan: 20%

 

Dominican Republic: 10%

 

United Arab Emirates: 10%

 

 

New Zealand: 10%

 

Argentina: 10%

 

Ecuador: 10%

 

Guatemala: 10%

 

Honduras: 10%

 

Madagascar: 47%

 

Myanmar (Burma): 44%

 

Tunisia: 28%

 

Kazakhstan: 27%

 

Serbia: 37%

 

Egypt: 10%

 

Saudi Arabia: 10%

 

El Salvador: 10%

 

Côte d'Ivoire: 21%

 

Laos: 48%

 

Botswana: 37%

 

Trinidad and Tobago: 10%

 

Morocco: 10%

 

Algeria: 30%

 

Oman: 10%

 

Uruguay: 10%

 

Bahamas: 10%

 

Lesotho: 50%

 

Ukraine: 10%

 

Bahrain: 10%

 

Qatar: 10%

 

Mauritius: 40%

 

Fiji: 32%

 

Iceland: 10%

 

Kenya: 10%

 

Liechtenstein: 37%

 

Guyana: 38%

 

Haiti: 10%

 

Bosnia and Herzegovina: 35%

 

Nigeria: 14%

 

Namibia: 21%

 

Brunei: 24%

 

Bolivia: 10%

 

Panama: 10%

 

Venezuela: 15%

 

North Macedonia: 33%

 

Ethiopia: 10%

 

Ghana: 10%

 

 

In his speech, Trump reiterated his "America First" policy, labeling trade deficits as a "national emergency." The new tariffs, ranging from 10% to 49%, are expected to impact trade with many countries. Trump said the goal is to create a more level playing field for US businesses by addressing what he sees as unfair trade practices by other nations.