Confusion clouds global economy

Nasir Jamal - Dawn - 21/04
"Trump’s gamble to revive manufacturing via tariffs now risks accelerating the very decline it sought to reverse", say analysts.

The US tariffs have upended the global economic order in just weeks. Though the violent market reaction forced the hand of President Donald Trump to temporarily suspend most tariffs on all, barring China, until July to reset new terms of trade with countries facing his higher reciprocal tariffs, it has triggered a new climate of uncertainty.

With uncertainty escalating into a global trade war, the financial markets continue to roil as worries over an uncertain global business environment seem to have overtaken countries and investors more than tariffs themselves. And countries like Pakistan, which do not have much to offer Washington in exchange for a reprieve or lower tariffs, continue to wonder what sort of deal, if any, they are going to get from the US ...
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