KARACHI: Imposition of Tariff by Trump to be effective from 10th April, 2025 would be 104 percent on China.

On the other hand as estimated by business circles in the country the cost of a shirt at the rate of $10 shirt from various countries to cost Americans in the US after Trump’s tariff would be $13.60 from India, $13.90 from Pakistan, $14.70 from Bangladesh, $15.60 from Vietnam, $15.80 from Laos and $15.90 from Cambodia.  Interesting news is that Apple Company shipped five full planes of iPhones from India to the United States just to avoid new taxes. Meanwhile President Donald Trump has announced a 25 percent tariff on all foreign made cars. He said 81 percent of the cars in South Korea are made in South Korea. 94% of the cars in Japan are made in Japan.

Toyota sells 1 million foreign made automobiles into the United Sates, and General Motors sells almost none. Ford sells very little. “None of our companies are allowed to go into other countries, and I say that friends and foe, and in many cases, the friend is worse than the foe in terms of trade. But such horrendous imbalances have devastated our industrial base and put our national security at risk. I don’t blame these other countries at all for this calamity.

I blame former presidents and past leaders who weren’t doing their job. They let it happen, and they let it happen to an extent that nobody can even believe. That’s why, effective at midnight, we will impose a 25% tariff on all foreign made automobiles,” Trump announced.