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 deal with Pakistan to develop its "massive" oil reserves.

President Donald Trump on Wednesday announced a 25% tariff on imports from India, effective August 1. In a post on Truth Social, Trump stated that the country maintains "some of the highest tariffs in the world" and "non-monetary trade barriers" that he described as restrictive.

With just days left before the August 1 tariff deadline, Donald Trump confirmed that the US-India trade deal remains unfinished, warning of potential 20–25% tariffs. While both sides continue talks, key sticking points like agriculture and dairy persist.