US slaps 29 per cent tariff on Pakistan

The head of the International Monetary Fund (IMF) described the US tariffs as a major threat to the global economy.

IMF chief Kristalina Georgieva has said that the new tariffs by the United States are a significant threat to the global economy.

The IMF chief urged the United States to cooperate with its trading partners.

She said that at a time of slow growth, US tariffs are a threat to the global economy, it is very important to avoid such measures that can further harm the global economy.

US President Donald Trump on Thursday announced retaliatory tariffs on various countries of the world.

President Trump signed an executive order of retaliatory tariffs at the White House and said in the address that the implementation of retaliatory tariffs would be good for the United States.

President Donald Trump has announced to impose retaliatory tariffs on various countries of the world, including Pakistan, China and Turkey. The US President has announced a 29 percent tariff on Pakistani products, which will come into effect from April 9.

Trump said that 20 per cent tariffs will be imposed on the European Union, 34 percent on China and 24 percent on Japan, while 26 per cent on India, 17 per cent on Israel and 10 per cent on Britain.