The US has introduced new 10% and 12.5% tariffs on imports from 60 countries, including a 10% duty on Pakistani goods, citing concerns over forced labour. This move, replacing an temporary global tariff, aims to maintain a tariff floor on nearly all US imports under Section 301 of the Trade Act of 1974. The tariffs, which took effect Friday, cover 99.4% of US imports but exempt items like oil, gas, and certain food products. This could strain Pakistan's export earnings, potentially pressuring the Rupee against the Dollar and impacting local gold prices.
بحوالہ / Source: www.brecorder.com