Maybe theyll sell to India: Trump strikes oil deal with Pak, slaps tariffs on India amid negotiations
Trump struck a new trade agreement with Pakistan to jointly develop the country’s vast oil reserves -- a move he says could eventually lead to Pakistan exporting oil to New Delhi.
PTC News Desk: Hours after imposing 25 % tariffs on India along with additional penalties on Indian imports, Donald Trump struck a new trade agreement with Pakistan to jointly develop the country’s vast oil reserves -- a move he says could eventually lead to Pakistan exporting oil to New Delhi.
“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,” Trump said in a bold statement. “Who knows, maybe they’ll be selling Oil to India some day!”
Trump stated that the administration is in the process of choosing an oil company to spearhead the US-Pakistan energy collaboration, though he did not mention any specific companies or give a timeline for when the project would begin.
Just last week, Pakistani Foreign Minister Ishaq Dar mentioned that a trade agreement between the United States and Pakistan was "very close" and could be finalized within days, following his meeting with Secretary of State Marco Rubio on Friday.
In separate statements released after the meeting, both the US State Department and Pakistan’s Foreign Ministry highlighted that the two leaders stressed the need to boost trade and enhance cooperation in the areas of critical minerals and mining.
The U.S. President announced that he is preparing to meet with a South Korean trade delegation to discuss potential tariff reductions. “South Korea currently faces a 25% tariff, but they’ve proposed a plan to reduce that,” he said. “I’m looking forward to hearing the details of their offer.”
He also suggested that other nations are presenting similar tariff proposals, describing these developments as part of a broader initiative to address the United States’ trade deficit.
“A comprehensive report will be shared at the appropriate time,” Trump added, closing with, “Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!”