Trump Inks Oil Deal With Pakistan, Slaps 25% Tariff on India Over Russia Trade | Spotlight | N18G
Trump Inks Oil Deal With Pakistan, Slaps 25% Tariff on India Over Russia Trade | Spotlight | N18GUS President Donald Trump has announced a new energy partnership with Pakistan, confirming that Washington will help develop the country’s massive oil reserves. Posting on Truth Social, Trump said they’re in the process of selecting the American oil company that will lead the project. Shortly before, he unveiled a 25% tariff on imports from India, alongside an unspecified “penalty” for New Delhi’s continued purchase of Russian weapons and energy. The tariffs, part of a broader trade hike affecting several nations, will take effect from August 1.
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