Pakistan Initiates Formal Trade Talks with US Over Reciprocal Tariffs
Pakistan has formally begun negotiations with the United States to address the recently imposed reciprocal tariffs on its exports, the Ministry of Finance confirmed.
During a virtual meeting, Federal Finance Minister Muhammad Aurangzeb and US Trade Representative Ambassador Jamieson Greer held preliminary discussions aimed at establishing a framework for in-depth technical talks in the coming weeks. According to an official statement, both sides reaffirmed their commitment to a timely and mutually beneficial resolution.
Background: US Imposes 29% Tariff on Pakistani Goods
The negotiations follow a sweeping trade measure announced by President Donald Trump on *April 4, 2025, which levied a **29% reciprocal tariff* on Pakistani exports. The policy, part of a broader recalibration of US trade relations, impacts over *185 countries, including key partners like **India, China, the EU, and **Gulf nations* such as *Saudi Arabia* and *Qatar*.
The tariff move has raised concerns among Pakistani exporters, who fear diminished competitiveness in the US market and potential disruptions to existing trade flows.
Optimism from Both Sides
Khurram Schehzad, advisor to Pakistan’s finance minister, stated via his official X (formerly Twitter) account that the initial discussions were “positive,” and both delegations appeared “optimistic about reaching a favorable resolution.”
The talks reflect Islamabad’s proactive diplomatic approach in securing its trade interests amidst shifting global economic policies.
Next Steps in Negotiation
The Ministry of Finance noted that technical-level discussions would commence shortly, aimed at exploring possible exemptions, tariff adjustments, or trade concessions. The outcome could have significant implications for Pakistan’s export-driven sectors, particularly textiles, surgical goods, and agricultural products.
