Islamabad: Finance Minister Muhammad Aurangzeb has made it clear that Pakistan will not take retaliatory action in response to the recent tariffs announced by former US President Donald Trump.
Speaking in an interview with the international media, Aurangzeb acknowledged Pakistan’s concerns regarding the renewed US tariff policy, describing the move as one that adds to global economic uncertainty.
“We need to collectively consider how to navigate this evolving global landscape,” he said. “I believe meaningful dialogue is the way forward.”
When asked directly whether Pakistan intended to respond with its own tariffs or restrictions, the finance minister was firm: “No, there are no such plans.”
He also addressed broader concerns that Pakistan might become collateral damage amid the escalating trade conflict between the United States and China.
Aurangzeb emphasized that Pakistan maintains strong ties with both nations.
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“The US has been a long-standing economic partner in multiple areas, and our relationship with China is just as significant. We value both,” he stated.
It’s important to note that last week, Trump announced new tariffs on exports from several countries, including a proposed 29% duty on Pakistani goods. However, following global concern and pushback, the implementation has been temporarily delayed by 90 days.
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Despite the postponement, the US is still expected to apply a base tariff of at least 10% on all affected nations, leaving exporters with little room for comfort.
Finance Minister and Prime Minister were of the view that Pakistan would send a broad team with bureaucrats, exporters and other stakeholders to go to USA and discuss with US authorities to ease these tariff terms.
However, President Trump has already paused the tariff imposed, which has provided a relief for the exporters for next 90 days. In the meantime, every country is studying its response and impact of these duties announced.
