Finance Minister Muhammad Aurangzeb has said that Pakistan will not take retaliatory action in response to the tariffs recently announced by former U.S. President Donald Trump.
In an interview, Aurangzeb acknowledged that the tariffs have caused uncertainty for Pakistan’s trade prospects. “We must consider how to navigate this evolving global environment,” he stated, emphasizing the importance of dialogue and diplomatic engagement to address the issue.
When asked whether Pakistan intends to impose countermeasures, Aurangzeb responded clearly: “No, we do not plan to respond with retaliatory actions.”
He also addressed broader concerns over the impact of U.S.-China trade tensions, stressing that while the United States remains a vital trade partner, Pakistan’s ties with China are equally significant and will continue to be strengthened.
Last week, Donald Trump announced a new set of tariffs targeting several countries, including a proposed 29% tariff on Pakistani exports. However, the enforcement of these tariffs has been delayed by 90 days. Despite the postponement, all targeted nations are expected to face a baseline tariff of at least 10%.
In a related development, Prime Minister Shehbaz Sharif recently announced that a high-level Pakistani delegation will soon travel to Washington to hold talks on trade and tariff-related concerns.
