US EditionPak Expects Breakthrough in US Tariff Talks
WASHINGTON, D.C., UNITED STATES, JUL 18 – Pakistan aims to reduce its $3 billion trade deficit with the US by seeking tariff relief and expanding imports of American cotton and soybeans, officials said.
- In Washington, D.C., on April 25, 2025, Finance Minister Muhammad Aurangzeb actively pursues a trade deal with the United States, aiming to finalize before the August deadline, Bloomberg reported.
- Facing economic pressures, Pakistan's trade negotiations with the U.S. have improved after a prolonged chill, including efforts to reduce a $3 billion trade deficit and secure tariff relief.
- In detailed negotiations, Reuters reported that the U.S. shared a detailed list of trade demands with Pakistan, with Pakistan offering to increase imports of American cotton and soybeans.
- The finance ministry said Aurangzeb met U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, describing the meeting as "productive," according to the finance ministry.
- While understanding was reached, a formal announcement is expected only after the U.S. concludes similar negotiations with other partners, indicating progress but with caveats.
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Colorado Springs Gazette+5 Reposted by 5 other sources
Pakistan says it held productive trade talks in Washington
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Total News Sources20
Leaning Left5Leaning Right5Center3Last UpdatedBias Distribution38% Left, 38% Right
Bias Distribution
- 38% of the sources lean Left, 38% of the sources lean Right
38% Right
L 38%
C 23%
R 38%
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