Pakistan, April 5 -- Pakistan salt manufacturers have warned that US President Donald Trump's latest tariff increase could spell disaster for their export business, as they called the move "final nail in the coffin".
US President Donald Trump this week triggered a shockwave in the global trade market by introducing reciprocal tariffs on over 180 countries. Whether this benefits the US in the long run would depend on the broader economic and strategic context but as of today it has stirred a panic situation among Pakistani exporters.
In a statement, the Salt Manufactures Association of Pakistan (SMAP) said that Pakistan's economy is heavily reliant on textile, apparel, surgical instruments and salt, a significant portion of which go to the...