President Trump announced he will increase the global tariffs he imposed yesterday from 10% to 15%, citing "fundamental international payments problems" under Section 122 of the Trade Act of 1974. This move is expected to impact global trade and markets and Crypto Market.

For Pakistan, the tariff is set at 19%, which is relatively lower than India's 25% and Bangladesh's 20%. This could give Pakistan a competitive edge in the US market, especially for textiles and apparel exports.

Some key points to note:

Tariff Structure*: The US has imposed tariffs ranging from 15% to 41% on various countries.

Impact on Exports: The 19% tariff on Pakistan is expected to boost exports, particularly in textiles.

Trade Negotiations: Pakistan's finance minister has described the deal as a "win-win" for both countries, protecting Pakistani exports from steeper tariffs. #TrumpNewTariffs