US President Donald Trump has announced a 25% tariff and additional penalties on Indian imports, citing trade imbalance and India’s oil purchases from Russia. Just hours later, he revealed a fresh energy deal with Pakistan to jointly develop the country’s oil reserves. Trump suggested the partnership could even lead to Pakistan exporting oil to India one day. While trade talks with New Delhi continue, the US is also fielding offers from other countries on tariff reductions to ease its trade deficit.