Pakistan will offer to buy more cotton and soybean from the US, according to people with knowledge of the matter, as it looks to halve its bilateral trade surplus and escape tariffs imposed by President Donald Trump.
The South Asian country wants to reduce this surplus to below $2 billion from about $4 billion in the financial year ended June, the people said, asking not to be identified as the discussions are private. Pakistan is already the second-largest buyer of US cotton by value after China and mainly sells garments and textiles to America, which is its largest export market.
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