US President Donald Trump announced a new trade agreement with Pakistan on Wednesday and emphasized the joint initiative to develop substantial oil reserves in the country and interestingly indicates that Pakistan “one day” could sell oil to India.
In the social contribution of truth, he said: “We have just concluded an agreement with the ground of Pakistan, while Pakistan and the United States will cooperate on the development of their massive oil reserves.”
Trump said that the partnership is still in its initial phase and the main oil company must still be selected.
“We are in the process of selecting an oil company that will lead this partnership,” he said, providing any further details on which companies are considered or the terms of the agreement. “
He also mentioned, “Who knows, may be selling oil to India one day!”
Why is the announcement to India significant?
The announcement is significant because it comes only a few hours after Trump declared 25%T tariff, along with other sanctions, for imports from India, quoting high business barriers and Indian energy and military purchases from Russia as key reasons.
India “He is our friend,” Trump said on his truth the social platform, which announces taxes, but its tariffs on the American products “are too high”.
The Republican President has added India to buy military equipment and oil from Russia and allows the war of Moscow in Ukraine. As a result, he intends to charge another “fine” starting from Friday as part of the opening of the revised tariffs of their administration in several countries.
However, Trump noted that both countries were still negotiated, despite tariffs to start in a few days.
Meanwhile, the Indian government studies the consequences of the announcement of Trump.
In the last few months, India and the US have been involved in negotiations on the closure of the “fair, balanced and mutually beneficial” bilateral trade agreements and the new Delhi has been undertaken by this goal, the Indian Ministry of Commerce said.
(With the entry from agencies)
(Tagstotranslate) 25 % of tariffs
