U.S. Visit Confirmed for Pakistani Delegation to Speed Up Trade Agreement, as Announced by Trump
US-Pakistan Trade Negotiations Set to Begin Next Week
A delegation of key business figures and leading Pakistani exporters is set to visit the United States next week for trade talks, following US President Donald Trump's announcement. This comes after Trump claimed credit for the India-Pakistan ceasefire agreement and hinted at his role in the trade negotiations.
In a recent media interview, Trump stated that Pakistan representatives will be visiting the US next week, and they were close to making a deal with India. The upcoming discussions come amidst the threat of a 29% tariff on Pakistani exports to the United States due to a $3 billion trade surplus with the US.
Washington has imposed tariffs on various countries as part of its broader trade policy, with India facing 26% tariffs on shipments to the US. Reports suggest that India will allow US companies to compete for contracts worth over $50 billion from central government agencies, as part of its ongoing trade negotiations with the US.
The formal negotiations have already commenced, with a recent phone call between Pakistan’s Finance Minister Muhammad Aurangzeb and US Trade Representative Jamie Greer. Trump has emphasized the importance of these negotiations, stating that he would have "no interest in making a deal" if Pakistan and India were engaged in war, referring to the recent tensions between the two countries.
Pakistan seeks to avoid or mitigate the potential impact of the 29% tariffs on its exports, as they could significantly impact its economy and trade relations with the US. The US, on the other hand, aims to address the trade imbalance through these negotiations and form a mutually beneficial trade agreement.
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- The upcoming US-Pakistan trade negotiations, influenced by political tensions and general news, could potentialy impact the defi sector as well, with changes in trade policies affecting the flow of finance between the two countries.
- As the trade talks between the US and Pakistan progress, the discussions could also influence the overall financial market, with any agreement potentially reshaping the economic landscape for both nations, particularly with regards to the 29% tariff on Pakistani exports.
