Trump Tariffs Threaten Jobs, Exports in Pakistan, Japan

The Pakistan Institute of Development Economics (PIDE) has issued a warning regarding the potential negative impact of U.S. tariffs on Pakistani exports, predicting a 20-25% decline that could cost the economy between $1.1 billion and $1.4 billion annually. The textile sector is expected to be particularly vulnerable, as it comprises a significant part of the $5.3 billion in goods exported to the U.S. in fiscal year 2024. In response, PIDE is advocating for urgent policy reforms and stronger diplomatic efforts with the U.S. to mitigate the effects of these tariffs, including exploring trade agreements. Meanwhile, a Quinnipiac University poll indicates that a substantial majority of American voters believe the tariffs imposed by President Trump will negatively impact the U.S. economy both in the short and long term. Voter sentiment reflects widespread concerns about rising prices and a belief that Trump's tariffs are making financial conditions worse. Overall, the public appears to be more supportive of the goals behind the tariffs than their actual implementation, which is seen as detrimental to economic health.