Thu Jul 31 02:16:57 UTC 2025: **Summary:**
U.S. President Donald Trump announced a trade deal with Pakistan to develop the country’s “massive oil reserves,” hinting at potential future oil sales to India. This announcement was coupled with a 25% tariff on all Indian goods, plus penalties for purchasing Russian military equipment and energy, citing India’s “strenuous” trade policies and BRICS membership. Negotiations with India are ongoing, with Trump emphasizing India’s high tariffs.
**News Article:**
**Trump Announces Pakistan Oil Deal, Slaps Steep Tariffs on India Amid Trade Tensions**
**Washington D.C. – July 31, 2025** – In a series of announcements rocking international trade, U.S. President Donald Trump declared a new trade agreement with Pakistan focused on developing the South Asian nation’s “massive oil reserves,” while simultaneously imposing a hefty 25% tariff on all goods imported from India, effective August 1st.
President Trump made the announcement regarding Pakistan via his Truth Social platform, stating that the U.S. would partner with Pakistan to exploit its purported oil wealth. He also speculated whether Pakistan might “some day” sell oil to India. The existence and extent of Pakistan’s oil reserves are currently unclear, although reports have suggested significant offshore deposits remain untapped due to a lack of investment and expertise.
The announcement was met with immediate consternation in India, as it followed a separate announcement of substantial tariffs levied against Indian goods. President Trump justified the tariffs by labeling India’s trade policies as “most strenuous and obnoxious.” Furthermore, he added penalties specifically targeting India’s purchase of Russian military equipment and energy.
“All things not good! India will therefore be paying a tariff of 25 per cent, plus a penalty for the above, starting on August first,” Mr. Trump said.
The President also cited India’s membership in the BRICS (Brazil, Russia, India, China, and South Africa) economic group, characterizing it as “anti-U.S.”
When questioned about ongoing negotiations with India, President Trump indicated that discussions were underway, emphasizing his view of India’s “one of the highest tariffs in the world.” He stated that the White House has been “very busy” working on trade deals, hinting at forthcoming meetings with South Korean trade delegations.
The announcements are likely to further strain relations between the U.S. and India, already frayed by disagreements over trade practices and geopolitical alliances. A reaction from the Pakistani government has yet to be released.
First Piper 