The federal government has decided to initiate conversations with the Trump administration about the 29% duty imposed on Pakistani products of the United States, Express News reported.
Sources said the government has begun to formulate a strategy to tackle the impact of the extra customs and to investigate the possibility of reducing it through discussions with the US authorities.
In this connection, a decisive meeting was held at the Ministry of Commerce under the Presidency of Federal Minister of Trade, Jam Kamal Khan.
The meeting, which included over fifty key exporters, importers and stakeholders, focused on the potential effects of the 29% duty, especially on Pakistan’s textile exports.
The session analyzed how the new US tariffs could adversely affect Pakistan’s textile sector, which is the largest part of the country’s exports to the United States.
Pakistan’s average exports to the United States exceeds $ 5.5 billion annually, with textiles that account for a significant share.
The government has decided to pursue talks with the Trump administration for the purpose of ensuring a reduction in the new duty.
In accordance with this, Prime Minister Shehbaz Sharif has also formed a working group and management committee led by Finance Minister Mohammad Aurangzeb to tackle the problem and formulate a response strategy.
President Donald Trump on Wednesday imposed additional tariffs for 60 countries, including Pakistan, to raise revenue, change trade and promote Made-in-American goods by deterring imports.
The decision was surprising to Pakistani authorities who did not expect the recording on the list because the US trade -weighted average tariffs were already higher than Pakistan. The country was also on the 33rd number on the list of the nations on which Washington had a trade deficit.