There appears to be political signaling in setting the new rates by President Donald Trump. On April 2, President Trump announced a 26% tariff for India and set its final rate at 25%, lower than Pakistan’s 29% at that time. But he has now kept the Indian tariffs 6% above the Pakistan tariffs.

By Ariba Shahid, Asif Shahzad and Kanishka Singh ISLAMABAD/WASHINGTON (Reuters) -The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment,

The United States and Pakistan say they have reached a trade agreement that is expected to allow Washington to help develop Pakistan’s largely untapped oil reserves and lower tariffs for the South Asi