this post was submitted on 31 Jul 2025
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Global News

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Donald Trump announces deal with Pakistan to develop oil reserves, hints at potential oil sales to India in the future.

Archived version: https://archive.is/newest/https://www.thehindu.com/news/international/trump-announces-deal-with-pakistan/article69875808.ece


Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

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[–] Voroxpete@sh.itjust.works 2 points 2 days ago

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," he said.

A reduction on the additional tariffs that were imposed in response to the US tariffs on them. None of this is actually benefitting the US, at best these deals amount to small mutual climbdowns. Do not let Trump fool you into thinking his strategy is working.

Also the fact that they still don't have a partner company selected to develop those oil reserves is very telling. In the modern climate, with renewables getting cheaper and Saudi Arabia dumping oil to crash everyone else out of the market, I'm not sure if anyone actually wants the massive risk of developing a new oil field.