Pakistan, April 14 -- President Donald Trump's trade policies have disrupted decades of economic norms, raising questions about the future of free trade. His tariffs on major trading partners challenge the principles established by the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). These changes may present a unique chance for countries like Pakistan to rethink their approach to industrial policy.

Historically, Pakistan faced pressure to lower trade barriers, which hindered its industrial growth. By complying with WTO demands, Pakistan opened its markets to global competition. This influx of low-cost goods from skilled manufacturers harmed local businesses that were still developing. As a result, ma...