Pakistan, April 3 -- US President Donald Trump recently announced a 29% tariff on goods imported from Pakistan. This decision comes as part of a broader move to impose tariffs on several countries, ranging from rivals to allies. The new levy targets Pakistan's key exports to the US, especially its textile sector, which is heavily reliant on this market. This sudden shift could have immediate negative impacts on Pakistan's economy.

Economists suggest the immediate effects will be adverse, as the US is Pakistan's largest trade partner. Ali Hasnain, an expert from LUMS, highlighted that the US market absorbs almost a fifth of Pakistan's exports. However, even if these exports were wiped out, the economic impact would remain relatively small...