Trump Unleashes New Tariffs, Pakistan Faces 29% Levy

President Donald Trump has unveiled a bold new trade strategy, slapping reciprocal tariffs on goods from several nations, including Pakistan, China, and the EU. As per media reports, Pakistan will now face a 29% tariff, in response to what Trump claims is a 58% duty on US exports by Pakistan.

Starting April 5, 2025, the US will introduce a baseline 10% tariff on all imports. However, countries imposing higher duties on American products will be subject to additional tariffs. Among the hardest hit:
🔹 China – 34%
🔹 Vietnam – 46%
🔹 European Union – 20%
🔹 South Africa – 30%
🔹 Malaysia – 24%

While Canada and Mexico remain exempt under prior agreements, foreign-made automobiles will be taxed at 25%, a move expected to disrupt the global car industry.

This aggressive tariff policy aims to address trade imbalances and push for “fairer” international trade. However, economic experts have warned that these tariffs are reminiscent of 1930s-era trade wars, potentially destabilizing global markets.

Financial analysts have already noticed immediate fallout—US stock futures dropped 3.5%, while gold prices soared as investors sought safe assets. The EU Commission President has called the tariffs a "major blow to the global economy", while South Korea is now preparing emergency relief measures for its businesses.

With global leaders reacting and markets in flux, it remains to be seen whether these tariff battles will trigger negotiations or escalate into a full-scale trade war. 🚨