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News Topical, Digital Desk : US President Donald Trump has made a shocking announcement. He said that the US has signed a major trade agreement with Pakistan. Under this, both the countries will jointly develop 'huge oil reserves' in Pakistan.
Earlier, Trump had said regarding the tariff on India that India is a friendly country. However, he had refused to give any relief in the tariff.
Now Trump is talking about an oil deal with Pakistan. He also said that maybe one day Pakistan will sell oil to India. However, it is not clear which oil reserves Trump is talking about.
'We will develop huge oil reserves in collaboration with Pakistan'
Trump wrote on his social media platform Truth Social, "We have signed an agreement with Pakistan. Under this, Pakistan and America will jointly develop their vast oil reserves."
He also said that it is still being decided which oil company will lead this partnership. Pakistan currently imports oil from the Middle East to meet its energy needs.
But according to some reports, Pakistan has huge oil reserves in the sea. These have not been used yet due to technical deficiencies and lack of money. Pakistan is trying to raise investment to develop these reserves. Trump joked, "Who knows, maybe one day Pakistan will sell oil to India."
There has been no official statement from Pakistan on this agreement yet.
Trump turned his face away after talking about friendship
Trump's announcement comes at a time when he has announced a 25 percent tariff (import duty) on India. This tariff will be applicable on all items coming from India. Along with this, India will also be fined extra for buying military equipment and energy from Russia. Trump called India's trade policies "most strict and objectionable".
Trump said the US is in talks with India. "We are talking to India right now. India has the highest tariffs in the world," he said.
Trump also said that the White House is very busy with trade deals and he will also meet South Korea's trade team. India responded to Trump's statement by saying that it is looking into this statement.
India said, "We have been negotiating with the US for the last few months for a fair, balanced and mutually beneficial trade agreement. We remain committed to this goal."
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