Trump Announces Oil Partnership with Pakistan, Hints at Future Oil Sales to India

US President Donald Trump announced a new energy partnership with Pakistan, where the two nations will jointly develop oil reserves. Trump also hinted that Pakistan may one day supply oil to India. The announcement was made via his social media platform, Truth Social. This development comes after Trump imposed 25% tariffs on Indian goods, citing high trade barriers and India's purchases of energy and military equipment from Russia as reasons.

US President Donald Trump has announced a significant energy partnership with Pakistan, where the two nations will jointly develop oil reserves. The partnership, announced via his social media platform, Truth Social, comes on the heels of Trump's decision to impose a 25% tariff on Indian goods.

Under the new agreement, the US and Pakistan will collaborate to explore and develop oil reserves within Pakistan. Trump hinted that this partnership could potentially lead to Pakistan exporting oil to India in the future. The announcement follows Pakistani Foreign Minister Muhammad Ishaq Dar's comments that the two countries were "very close" to finalizing a trade deal after a meeting with US Secretary of State Marco Rubio.

The tariffs imposed on Indian goods, set to take effect from August 1, are part of a broader trade strategy by the Trump administration. The move follows a series of trade negotiations aimed at addressing what Trump described as "high trade barriers" and India's purchases of energy and military equipment from Russia. The administration has cited India's participation in the BRICS group of developing nations as a contributing factor to the tariff decision.

Indian officials have responded to the tariffs by stating that they are examining the implications and remain committed to a fair and balanced trade deal with the US. The tariffs are expected to impact India's exports to the US, particularly in sectors such as pharmaceuticals and smartphones, which are heavily reliant on American markets.

The latest developments underscore the ongoing trade tensions between the US and India, which have been a key focus of negotiations between the two countries. The Trump administration has been actively pursuing trade deals with several of its major trading partners, including the European Union and Japan, while also extending a truce with China on retaliatory trade measures.

References:
[1] https://www.business-standard.com/world-news/trump-tariffs-india-imports-trade-pakistan-oil-deal-125073100107_1.html
[2] https://www.washingtonpost.com/business/2025/07/30/trump-threatens-new-tariffs-india-friday-deadline-deals-nears/