Abstract
In this article "Trade War Fallout," Dr. Hafiz Muhammad Usman Rana examines the escalating trade tensions initiated on March 4, 2025, when U.S. President Donald Trump imposed additional tariffs on imports from China, Canada, and Mexico. These actions led to immediate retaliatory measures from the affected countries, targeting U.S. exports. The global repercussions were swift, with stock markets plummeting and investor confidence eroding. Emerging economies like Pakistan felt significant impacts, evidenced by a sharp decline in the Pakistan Stock Exchange and heightened concerns over fiscal stability. Rana underscores Pakistan's vulnerabilities, including its reliance on imported crude oil and structural economic inefficiencies, which exacerbate its exposure to external shocks. He advocates for strategic policy responses, such as diversifying export markets and investing in domestic industries, to mitigate the adverse effects of the trade war and bolster economic resilience.
| Original language | English |
|---|---|
| Type | News/Blog |
| Publisher | The News International |
| Publication status | Published (VoR) - 9 Mar 2025 |