'Maybe They'll Sell Oil To India': Trump Announces Trade Deal, Oil Partnership With Pakistan

Last Updated:July 31, 2025, 07:02 IST

In a post on his Truth Social, Trump revealed that Washington and Islamabad are in the early stages of selecting an energy company to spearhead the initiative.

US will find an oil company that will lead the partnership.

Just hours after imposing a 25% tariff and additional penalties on Indian imports, US President Donald Trump announced a new trade agreement with Pakistan. The deal includes a joint effort to explore and develop Pakistan’s oil reserves, a move Trump described as a potential future source of oil for India.

In a post on his social media platform, Truth Social, Trump revealed that Washington and Islamabad are in the early stages of selecting an energy company to spearhead the initiative.

“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India someday!" he wrote.

The announcement came soon after Trump introduced a steep 25% tariff on Indian goods, along with additional penalties. He cited the US trade deficit with India and New Delhi’s ongoing oil purchases from Russia as justification for the move.

Trump’s post also provided a broader view of the administration’s trade policy direction. He said the White House was actively engaging with global leaders to finalise multiple trade agreements.

“We are very busy in the White House today working on Trade Deals. I have spoken to the Leaders of many Countries, all of whom want to make the United States ‘extremely happy,’" Trump noted.

The post also revealed that the President was scheduled to meet with a trade delegation from South Korea. Trump pointed out that Seoul is currently subject to a 25% tariff but may be preparing to negotiate those terms.

“South Korea is right now at a 25% Tariff, but they have an offer to buy down those Tariffs. I will be interested in hearing what that offer is," he added.

He concluded the post by suggesting that more countries are coming forward with proposals for tariff reductions, aimed at narrowing the US trade deficit.

“Likewise, other Countries are making offers for a Tariff reduction. All of this will help reduce our Trade Deficit in a very major way. A full report will be released at the appropriate time. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!"

Abhro Banerjee

Covering day-to-day national and international news for the last nine years across print and digital. Associated with News18.com as Chief Sub-Editor since 2022, covering innumerable big and small events, includ...Read More

Covering day-to-day national and international news for the last nine years across print and digital. Associated with News18.com as Chief Sub-Editor since 2022, covering innumerable big and small events, includ...

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