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Donald Trump Snubs India, Signs Oil Deal With Pak. What Does This Mean?
After announcing a 25 per cent ‘reciprocal tariff’ on his “friend” India, plus a penalty for buying Russian weapons and oil, Donald Trump said Thursday the US had struck a trade deal with Pakistan, including plans to develop its “massive” oil reserves.
A disgruntled Trump also took a shot at India – “maybe they (Pak) will sell oil to India” – over the continued purchase of Russian oil despite sanctions on Moscow for its war on Ukraine.
In a Truth Social post last night, Trump appeared to blame India (and China) for funding – by buying Russian crude – a conflict he once boasted he could end within 24 hours of being taking oath.
A disgruntled American President also slammed the Indian economy – the fourth largest in the world – as “dead” after failing to persuade Delhi to open its dairy and agriculture markets.
Meanwhile, Pak this morning said its deal will “result in a reduction of reciprocal tariffs, especially on exports to the US” but did not give details of what the lower rates would be.
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