• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 26, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Pakistan begins talks with US on Trump’s reciprocal tariffs, says finance minister’s adviser

May 31, 2025
in Markets
Pakistan begins talks with US on Trump’s reciprocal tariffs, says finance minister’s adviser
Share on FacebookShare on TwitterWhatsapp

Pakistan on Friday formally initiated talks with the United States (US) on the reciprocal tariffs announced by US President Donald Trump last month, the finance minister’s adviser said.

Trump imposed 29% reciprocal tariff on Pakistan, besides over 185 countries and territories, saying that Islamabad charges 58% tariff on goods imported from the US.

“Pakistan’s formal negotiations on US reciprocal tariffs kick-started between Mr Muhammad Aurangzeb, Pakistan’s Finance Minister and Ambassador Jamieson Greer, United States Trade Representative through a telephonic/conference call on May 30, 2025,” Khurram Schehzad said in a post on X.

“Both sides exchanged their viewpoint through a constructive engagement with the understanding that technical level detailed discussions would follow in the coming weeks.

“Both sides expressed confidence in advancing the negotiations for successful conclusion at the earliest,” he added.

Trump tariffs: US offers Pakistan to buy more cotton

In imposing the tariffs in early April, Trump called the trade deficit a national emergency that justified his 10% across-the-board tariff on all imports, with higher rates for countries with which the United States has the largest trade deficits, particularly China.

Many of those country-specific tariffs were paused a week later.

The Trump administration on May 12 said it was also temporarily reducing the steepest tariffs on China while working on a longer-term trade deal. Both countries agreed to cut tariffs on each other for at least 90 days.

This week, a US trade court blocked President Donald Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy.

Tags: President Donald Trump’s trade wartrad wartrumpUS President Donald Trump’s tariffs
Share15Tweet10Send
Previous Post

May 9 riots: ATC sentences MNA Abdul Latif, 4 PTI members to 27 years in prison

Next Post

Indian rupee flips back to monthly decline, lags Asian peers

Related Posts

Syria to start currency swap on January 1, central bank governor says
Markets

Syria to start currency swap on January 1, central bank governor says

December 25, 2025
Pakistan, ADB sign $730mn pacts for power infrastructure, SOE transformation
Markets

Pakistan, ADB sign $730mn pacts for power infrastructure, SOE transformation

December 25, 2025
Major Gulf markets subdued on soft oil prices
Markets

Major Gulf markets subdued on soft oil prices

December 25, 2025
Dalian iron ore extends gains on easier home buying in Beijing
Markets

Dalian iron ore extends gains on easier home buying in Beijing

December 25, 2025
Shanghai copper hovers below record high as Chinese demand picks up, dollar weakens
Markets

Shanghai copper hovers below record high as Chinese demand picks up, dollar weakens

December 25, 2025
Shanghai stock benchmark hits 1-month high, HK closed for holidays
Markets

Shanghai stock benchmark hits 1-month high, HK closed for holidays

December 25, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.