US President Donald Trump has revealed plans for a new trade and oil partnership with Pakistan, saying that both countries will work together to tap into Pakistan’s large oil reserves.
According to Trump, an American company will soon be chosen to lead this major project, which is expected to boost economic ties between the two countries.
This announcement comes shortly after Pakistan decided to give tax relief to foreign digital companies, a move many see as a positive signal to attract more foreign investment. Trump described the new partnership as part of his wider plan to strengthen the US economy through fair and strong global trade agreements.
He pointed out that the US is working on many trade deals around the world to reduce trade gaps and ensure American companies get better opportunities.
Trump also mentioned his recent decision to put a 25% tax on goods imported from India starting August 1. This measure, he said, is part of his tough approach to trade that he believes will protect American interests.
The oil project with Pakistan is expected to bring in investment and create new energy opportunities for Pakistan while giving American companies a chance to expand their business abroad.
Officials believe this partnership will also help Pakistan better use its natural resources and strengthen its energy sector.
Trump’s announcement shows his administration’s strategy of using both partnerships and strict tariffs to shape how the US trades with the rest of the world. Many are now watching closely to see how this deal moves forward and what impact it may have on the region’s economy and energy future.
