US-Pakistan Oil Deal: A New Horizon for South Asia
US President Donald Trump announced a strategic partnership with Pakistan to develop its oil reserves, suggesting potential future oil sales to India. The announcement coincided with new tariffs on India over its trade with Russia. Trump emphasized ongoing efforts to reduce the US trade deficit through international negotiations.
The United States and Pakistan have forged a landmark agreement to develop Pakistan's extensive oil reserves, President Donald Trump revealed on Truth Social. The bilateral partnership aims to harness energy resources in South Asia, potentially allowing Pakistan to supply oil to India in the future.
The announcement follows Trump's imposition of a 25% tariff on India and additional sanctions over India's import of Russian military and energy goods. This move is part of a broader strategy by the Trump administration to address trade disparities and shift international trade dynamics.
Highlighting his administration's active engagement in global trade talks, Trump mentioned ongoing discussions with a South Korean trade delegation, signaling potential tariff adjustments with other countries. A comprehensive report on these trade developments is expected to be released soon.
(With inputs from agencies.)
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