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- Pakistan’s 3-part ‘feudal tribute’ to Trump amid US trade talks: crypto, minerals & Nobel chamgagiri
Pakistan’s 3-part ‘feudal tribute’ to Trump amid US trade talks: crypto, minerals & Nobel chamgagiri
#CutTheClutter
Weeks after Pakistan Army chief Asim Munir’s lunch with US President Donald Trump at the White House, the chief of Pakistan’s air force is in the US where he took part in a series of meetings with officials. In Episode 1691 of Cut The Clutter ThePrint Editor-in-Chief Shekhar Gupta unpacks the ‘feudal tributes’ Pakistan has offered Trump: crypto, the promise of minerals, and a Nobel Peace Prize endorsement.
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Video Transcript
mutual funds
top.
This is the right times.
This is the right time.
Options are
mutual fund investments are subject to
market risks. Read all scheme related
documents carefully.
In this era of trade deals, trade deals
or trade deal negotiations between the
rest of the world and the US. We know
what's been going on. or maybe we know a
little bit of what's been going on
between India and the US and we will
know by Monday Monday where this is
headed because July 9 is the deadline
when Trump's 26%
tariff on India begins kicks in unless
unless he puts it off however on that
day in Pakistan on Pakistan a 29% tariff
will kick off that's why the Pakistanis
are also there for for trade
negotiations. Now also see the
difference the India US trade size is
now getting getting to be close to $200
billion. $200 billion that is
merchandise and services all of it
together with Pakistan it's about $10
billion just merchandise with Pakistan
is 7.4 Therefore, merchandise is
important because merchandise is the
only thing that draws duties. What we
call as duties, what the Americans call
tariffs because as I keep saying again
and again, why are services not tariff?
Because services don't cross a border.
So it's like whether you take take
something in your suitcase, go past the
customs, customs will charge you. But if
you send the same thing on email for
example it was if it was knowledge if it
was an article that you wrote right or
it was a piece of advice that you gave
somebody for a fee that has not crossed
a border that will not be taxed. I'm
trying to put it as simply as possible.
Pakistan's stakes on trade are high for
them because Pakistan's overall trade is
very small. overall trade is very small
and Pakistan's exports to the US small
as they are relatively they can't take
