Trump Announces Major Pakistan Trade Deal, Vows Joint Oil Development/Exploration
- Thread starter arjunk
- Start date
Yasser76
Elite Member
Big difference, but one is down and one is up. That was the simple point. Obviously you are competent enough to work out what happens if that carries on....
SoulSpokesman
Trusted Member
Meengla
Elite Member
Off topic but I dare say these, for the record. Three things sustained the very fledgling new nation of Pakistan of 1947, despite its feudal, low literacy heritage:
1) Pakistan's alliance with America between late '40s and early early '70s. And that was not just military collaboration.
2) The vast influx of the more literate, more urbane immigrants from the British India into modern Pakistan.
3) India's folly of joining the losing Soviets as well as India's fake 'socialism'. India remained behind Pakistan as a result for most of the two countries' history, and never had the teeth like it does now because to the reforms starting 1990.
SoulSpokesman
Trusted Member
@Meengla sb
India's folly of joining the losing Soviets as well as India's fake 'socialism'. India remained behind Pakistan as a result for most of the two countries' history, and never had the teeth like it does now because to the reforms starting 1990.
Indeed! We lost almost half a century of economic growth because of the fake socialism that you talked about. In addition the complete neglect of basic education, healthcare and sanitation by successive Nehruvian dynast governments. Had it not for been those blunders our GDP would be easily 2X what it is today.
Regards
India's folly of joining the losing Soviets as well as India's fake 'socialism'. India remained behind Pakistan as a result for most of the two countries' history, and never had the teeth like it does now because to the reforms starting 1990.
Indeed! We lost almost half a century of economic growth because of the fake socialism that you talked about. In addition the complete neglect of basic education, healthcare and sanitation by successive Nehruvian dynast governments. Had it not for been those blunders our GDP would be easily 2X what it is today.
Regards
mythbuster
Trusted Member
I got nothing against sinophiles , it's their right to love anyone they want..... china is a good friend , got nothing against her and wish her well..... people fail to understand that friendship is not a one way street , complete dependency on any one friend is a recipe for disaster ..... Pakistan has been described by political pundits in various ways.....some call her a runt state and some call her a hard state and so on and on .......but one thing all agree upon is that Pakistan can punch way above her weight and get away with it.
mythbuster
Trusted Member
You don't have to dare to say this...these are the hard facts.
Meengla
Elite Member
Believe me, I too have worried about Pakistan going so deep into the China camp that Pakistan may not be able to come to some 'just peace' with India in future even if that future is nowhere on the horizon right now.
China has been good for Pakistan and vice versa and may that remain like that. But China is not a true 'neighbor' of Pakistan: A tiny sliver of shared border through a very hostile climate. India shares a long border with Pakistan and a long history as well as considerably many things more than Pak China share. And we should never lose sight of those aspect of the three countries despite all the good and bad we see now.
All the tariffs he’s imposing are ultimately being paid by the American consumer. If someone was buying a product for $50, now they have to pay$65 — meaning an extra $15 out of their own pocket. He’s doing this with the intention of bringing manufacturing back to the United States.
After ‘massive reserves’ oil trade deal, Donald Trump slaps 19% tariffs on Pakistan
US President Trump imposed a 19% tariffs on Pakistani goods following a trade deal focused on energy partnership. | World Newswww.hindustantimes.com
A day after announcing a "landmark energy partnership" with Pakistan, US President Donald Trump imposed a 19% tariff on Pakistani goods on Friday. The move comes as part of the expansion plan of Trump's sweeping "Liberation Day" tariff, announced via an executive order on Thursday.
Country/Territory Reciprocal Tariff, Adjusted Afghanistan 15% Algeria 30% Angola 15% Bangladesh 20% Bolivia 15% Bosnia and Herzegovina 30% Botswana 15% Brazil 10% Brunei 25% Cambodia 19% Cameroon 15% Chad 15% Costa Rica 15% Côte d`Ivoire 15% Democratic Republic of the Congo 15% Ecuador 15% Equatorial Guinea 15% European Union: Goods with Column 1 Duty Rate > 15% 0% European Union: Goods with Column 1 Duty Rate 15% minus Column 1 Duty Rate Falkland Islands 10% Fiji 15% Ghana 15% Guyana 15% Iceland 15% India 25% Indonesia 19% Iraq 35% Israel 15% Japan 15% Jordan 15% Kazakhstan 25% Laos 40% Lesotho 15% Libya 30% Liechtenstein 15% Madagascar 15% Malawi 15% Malaysia 19% Mauritius 15% Moldova 25% Mozambique 15% Myanmar (Burma) 40% Namibia 15% Nauru 15% New Zealand 15% Nicaragua 18% Nigeria 15% North Macedonia 15% Norway 15% Pakistan 19% Papua New Guinea 15% Philippines 19% Serbia 35% South Africa 30% South Korea 15% Sri Lanka 20% Switzerland 39% Syria 41% Taiwan 20% Thailand 19% Trinidad and Tobago 15% Tunisia 25% Turkey 15% Uganda 15% United Kingdom 10% Vanuatu 15% Venezuela 15% Vietnam 20% Zambia 15% Zimbabwe 15%
But the problem is: domestic manufacturing in the U.S. is extremely expensive because they simply don’t have cheap labor. He has already damaged the source of cheap labor by cracking down on undocumented immigrants and deporting people in large numbers.
Cheap labor is essential for any industry to survive and thrive — especially the kind that typically comes from immigrants. But the local labor force in the U.S. is highly educated and mostly job-hopping in white-collar roles. They are not filling the industrial or blue-collar workforce.
So, in reality, all these policies are backfiring. By targeting cheap labor and pushing out millions of immigrants, even cancelling their citizenships in some cases, he’s destroying the very foundation needed to rebuild domestic manufacturing. He’s not saving the country — he’s paving the way for long-term economic damage.”
313Ghazi
Elite Member
The quality of life in China for the working and middle class is better than those in many western countries.
mythbuster
Trusted Member
With china we don't have any historical grudge and that's a big positive...... with India our grudges and grievances are too deep....most importantly , India has to let go of her battered bi**h syndrome , not easy to do.
I will update you guys. I’m flying to China end of this month. I went there in 2007 and I was surprised.
ghazi52
THINK TANK: CONSULTANT
United States President Donald Trump has introduced tariffs on exports from dozens of trading partners, including a 19 per cent tariff on Pakistani goods — revised from the previous 29pc — a day after the two countries finalised a trade agreement.
According to an executive order detailing the tariffs, it was announced that Pakistan is set to face a 19pc tariff rate as Trump’s tariff deadline comes to an end on August 1 (today).
The order listed higher import duty rates of 10 to 41pc starting in seven days for 69 trading partners as the 12:01am EDT (9:01am PKT) deadline approached.
Late on Wednesday night, a Pakistani delegation led by Finance Minister Muhammad Aurangzeb in Washington, DC, finalised a trade agreement with the US, expected to lower tariffs, although no figure was announced.
Trump also said Washington would help Islamabad develop “massive oil deposits”.
In its statement issued today, the finance ministry said the government was “pleased to announce the successful conclusion of tariff-related discussions” with the US.
According to an executive order detailing the tariffs, it was announced that Pakistan is set to face a 19pc tariff rate as Trump’s tariff deadline comes to an end on August 1 (today).
The order listed higher import duty rates of 10 to 41pc starting in seven days for 69 trading partners as the 12:01am EDT (9:01am PKT) deadline approached.
- Pakistani goods exported to US to now be taxed 19pc as part of Trump’s global tariffs
- The rate is lower than the proposed 29pc after trade talks with US
- Finance ministry sees major opportunity to expand Pakistan’s footprint in US market
- Official notes Pakistan ‘possibly only country’ offered investments alongside
- Levies for 68 other trading partners range from 10-41pc, with India facing 25pc tariff
- Canada’s duties raised to 35pc; Brazil slapped with 50pc; China facing Aug 12 deadline
Late on Wednesday night, a Pakistani delegation led by Finance Minister Muhammad Aurangzeb in Washington, DC, finalised a trade agreement with the US, expected to lower tariffs, although no figure was announced.
Trump also said Washington would help Islamabad develop “massive oil deposits”.
In its statement issued today, the finance ministry said the government was “pleased to announce the successful conclusion of tariff-related discussions” with the US.
ghazi52
THINK TANK: CONSULTANT
“As per the outcome of these talks, a tariff of 19pc will be applicable for Pakistani exports to the US market,” it said.
The statement noted that the decision reflected a “balanced and forward-looking approach by the US authorities, keeping Pakistan competitive relative to other South and Southeast Asian countries”.
“In particular, this tariff level is expected to support Pakistan’s export potential, especially in key sectors such as textiles, which remain the backbone of the country’s export economy,” the ministry highlighted.
In the first 11 months of the outgoing fiscal year (FY), exports to the US rose by 11.06pc to $5.552 billion from $4.999bn a year earlier. In FY24, Pakistan’s textiles exports to the US reached $5bn representing 92pc of its overall exports to that country.
The ministry said it belived that the current tariff arrangement presented a “significant opportunity to expand Pakistan’s footprint in the US market”. “It is now essential for Pakistani exporters and trade bodies to adopt an aggressive and focused marketing strategy to capitalise on this development,” it stressed.
The ministry also pointed out a “substantial potential for growth in other sectors”, affirming that the government was committed to facilitating exporters through policy support, market intelligence and trade promotion initiatives.
The statement noted that the decision reflected a “balanced and forward-looking approach by the US authorities, keeping Pakistan competitive relative to other South and Southeast Asian countries”.
“In particular, this tariff level is expected to support Pakistan’s export potential, especially in key sectors such as textiles, which remain the backbone of the country’s export economy,” the ministry highlighted.
In the first 11 months of the outgoing fiscal year (FY), exports to the US rose by 11.06pc to $5.552 billion from $4.999bn a year earlier. In FY24, Pakistan’s textiles exports to the US reached $5bn representing 92pc of its overall exports to that country.
The ministry said it belived that the current tariff arrangement presented a “significant opportunity to expand Pakistan’s footprint in the US market”. “It is now essential for Pakistani exporters and trade bodies to adopt an aggressive and focused marketing strategy to capitalise on this development,” it stressed.
The ministry also pointed out a “substantial potential for growth in other sectors”, affirming that the government was committed to facilitating exporters through policy support, market intelligence and trade promotion initiatives.
Users who are viewing this thread
Pakistan Defence Latest
-
-
-
-
Bangladesh PM’s adviser returns from Delhi airport; says he was ‘humiliated’ by immigration (3 Viewers)
- Latest: baldfish
-
