Washington: President Donald Trump has announced a 29 percent tariff on imports from Pakistan as part of a broader strategy to impose heavy duties on global imports to the United States. This move represents a significant shift in the country’s trade policy, which has been oriented toward liberalization for decades.

In his announcement, President Trump stated that the decision was made in response to Pakistan’s existing 58 percent tariff on American goods. “Hence, we are imposing a 29 percent tariff on their products,” Trump declared, emphasizing the need for reciprocal trade practices.

Following his remarks, President Trump signed an executive order to implement these tariffs. The new duties are expected to create additional barriers for foreign goods entering the United States, the world’s largest consumer market.

The policy marks a reversal from previous trade strategies and could prompt retaliatory measures from other nations. Such countermeasures may lead to increased costs for various consumer goods, including bicycles and wine, affecting prices globally.

This development is part of a series of tariffs introduced by the Trump administration, reflecting a protectionist approach to international trade. The implications of these measures could be far-reaching, potentially altering the dynamics of global commerce.