Bad news for Pakistan and Bangladesh as Trump gives Islamabad, Dhaka big jolt… two countries may get bankrupt due to…

US president Donald Trump announced his most in fashion tariff on Wednesday in accordance to native time. This has created a creep in all of the arena. Trump named the announcement of imposing tariff as ‘Liberation Day’. The tariff will seemingly be implemented from April 9, 2025. The already announced baseline tariff of 10 p.c on all imports will also be efficient.

Trump has imposed a 26 p.c tariff on India. Alternatively, larger than India, Pakistan and Bangladesh fill taken the most valuable blows. Nonetheless the tariffs imposed on both international locations are larger than these imposed on India. Per Trump’s poster, Pakistan imposes 58% tariff on The US. In step with this, The US has announced a 29% tariff. Bangladesh, on utterly different hand, imposes 74% tariff on American goods. The US has announced a 37% tariff on it.

This tariff on Pakistan is now not fully 3% larger than India’s, but also can become a huge threat to its financial system. Because Pakistan’s textile industry sends a if truth be told perfect a part of its exports to The US. It is miles already struggling with world opponents and domestic crisis. On utterly different hand, Bangladesh’s readymade garment industry, which is the backbone of its financial system and exports about 6 billion greenbacks to The US, will seemingly be badly plagued by this coverage. Both international locations are already coping with financial crisis. For them, this tariff is now not going to fully lift the alternate deficit, but will also decrease employment and international substitute reserves.

Which nation has been imposed with absolute best and lowest tariff?

• Cambodia: 49%
• Vietnam: 46%
• Sri Lanka: 44%
• Bangladesh: 37%
• Thailand: 36%
• China: 34%
• Taiwan: 32%
• Indonesia: 32%
• Switzerland: 31%
• South Africa: 30%
• Pakistan: 29%
• India: 26%
• South Korea: 25%
• Japan: 24%
• Malaysia: 24%
• European Union: 20%
• Israel: 17%
• Philippines: 17%
• UK: 10%
• Brazil: 10%
• Singapore: 10%
• Chile: 10%
• Australia: 10%
• Türkiye: 10%
• Colombia: 10%