In a major development on international trade, US President Donald Trump revealed that representatives from Pakistan are set to visit the United States next week to discuss a potential deal amid rising tariff concerns.
Speaking to reporters at Joint Base Andrews, Trump stated that US-Pakistan trade talks are on the horizon as Washington considers slapping a 29% tariff on Pakistani exports, citing a $3 billion trade surplus with the US. These tariffs are part of broader measures the US announced last month targeting multiple countries.
While the South Asian nation is eyeing relief through negotiations, the situation remains tense. Trump made it clear that any hope of a deal could be jeopardized if Pakistan and India engage in military conflict.
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“I would have no interest in making a deal with either of them if they go to war,” he remarked, referring to the recent four-day military escalation between the two nuclear-armed neighbors — the worst in decades, involving fighter jets, drones, artillery, and missiles.
Meanwhile, India, too, is under pressure, with 26% tariffs imposed on its exports to America. New Delhi, though, seems to be gaining ground. Indian Trade Minister Piyush Goyal recently met Washington for continuing talks and has both sides expecting to conclude an interim trade pact by the early part of July.
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As per Reuters, India could open up more than $50 billion in federal contracts to US companies as a strategic step to make the deal sweeter. This represents a potentially huge opportunity for US companies and may determine the future of US-India trade relations.
