Today, the US president announced that India would now be subjected to a 25% tariff against Indian goods exported to the US, and it will be applied from 1st August.
It is a much-needed reform for Pakistan, as its trade deficit is lower compared to the same month last year, and it is around USD 2.3 billion.
Pakistan posted trade deficit of USD 2.619 billion dollar for the month of may, which is nearly 24% decrease compare to last month.