Trump Confirms Joint Oil Ventures, India Faces Tariffs Over Russian Ties
Washington D.C. In a major diplomatic and economic breakthrough, U.S. President Donald Trump announced the finalisation of a landmark trade agreement with Pakistan, focusing on the development of Pakistan’s untapped oil reserves — a move seen as a significant shift in regional partnerships.
“We have just concluded a Deal with the Country of Pakistan… Who knows, maybe they’ll be selling Oil to India some day!”
— President Donald Trump on Truth Social
Trump further revealed that a leading U.S. oil company would soon be selected to spearhead the joint exploration and development initiative. The announcement comes at a time when India’s trade negotiations with the U.S. remain stalled, with Washington imposing 25% tariffs on Indian imports starting Friday.
India Faces Heat Over Russian Ties
The penalties, though unspecified, appear to stem from India’s continued oil and defense trade with Russia, and its non-tariff trade barriers, which have long irked U.S. negotiators. Speaking to reporters at the White House, Trump said:
“India has one of the highest tariffs in the world. They’re willing to cut it substantially… We’ll know by the end of the week.”
Experts warn that the tariff move could derail months of strategic talks between the U.S. and India, complicating Washington’s Indo-Pacific strategy and weakening its counterweight to China’s growing influence in the region.
