US President Donald Trump on Thursday introduced that the US had struck a cope with Pakistan to develop “huge oil reserves”, additional hinting at exports of the identical to India. This comes after Trump slapped 25% tariff charges on India and warned of extra penalties for the nation’s continued commerce with Russia for arms and crude oil.“We’ve simply concluded a Cope with the Nation of Pakistan, whereby Pakistan and the USA will work collectively on growing their huge Oil Reserves,” he stated in a put up on TruthSocial.“We’re within the course of of selecting the Oil Firm that can lead this Partnership. Who is aware of, perhaps they’ll be promoting Oil to India some day!” he added.Earlier, Trump stated that the US was in commerce negotiations with India, noting that India’s Brics membership was an vital consideration. He talked about that India was able to make important tariff reductions and hinted that extra particulars can be revealed by the tip of the week.Additionally learn: What do Trump’s 25% tariffs on India imply? What occurs in the event that they keep“We’re negotiating proper now and it is also BRICS. BRICS, which is mainly a gaggle of nations which are anti the USA and India is a member of that…It’s an assault on the greenback and we aren’t going to let anyone assault the greenback. So it is partially BRICS and it is partially commerce…We had an incredible deficit,” he stated.Since February 2022, Indian refiners have been snapping up discounted Russian oil, profiting from decrease costs as many world consumers averted Russian crude as a consequence of Western sanctions following the Ukraine invasion. Russia now provides a few third of India’s oil imports, a pointy rise from beneath 1% earlier than the battle.Additionally learn: Trump proclaims 25% tariffs – The place does that depart India-US commerce deal talks? What to anticipate