Textile: The US announces sweeping tariffs on imports - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The US President Donald Trump has announced sweeping reciprocal tariffs on imports into the US, which include imposition of a 29% tariff on imports from Pakistan; on top of a 10% base-line tariff applied to all imports, bringing the effective tariff to 39%.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Given that the US is the largest export destination for Pakistan, accounting for 18% of the country&rsquo;s total exports in FY24, the tariffs are likely to substantially affect the competitiveness of Pakistani exports to the US, going forward. Wherein, textile exports make-up ~75-80% of Pakistan&rsquo;s exports to the US.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;...