Trump Drops Trade Bomb: Tariffs on India, Oil Deal with Pakistan Sparks Storm

Just hours after announcing a 25% tariff and extra penalties on Indian imports, U.S. President Donald Trump revealed a new oil deal with Pakistan. He said the two nations would jointly develop Pakistan’s large oil reserves and are selecting the lead company. Trump even suggested Pakistan might sell oil to India “some day.” The tariff move was linked to India's trade surplus and its purchase of Russian oil. Trump also said several nations are offering tariff cuts to avoid penalties, with South Korea next in line for negotiations. A full report, he said, is coming soon.