<p>New Delhi: After imposing a 25 per cent tariff on all imports from India, United States President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a> on Thursday called the South Asian nation’s economy ‘dead’ and even announced a trade deal with its neighbour and arch-rival Pakistan.</p><p> Trump also announced that the US would help develop “massive oil reserves” in Pakistan, which, according to him, might someday even sell hydrocarbons to India. </p> .'They can take their dead economies down together': US President Donald Trump slams India-Russia ties.<p>“I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” the US president posted on Truth Social on Thursday. “We have done very little business with India; their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let’s keep it that way.”</p> .<p>Earlier, while announcing a 25 per cent tariff on all goods exported by India to the US, Trump had also slammed New Delhi for buying defence hardware and energy from Russia, despite the former Soviet Union nation’s special military operations in Ukraine. </p><p>He hit out at President Vladimir Putin’s close aide, Dimitry Medvedev, for suggesting that each new ultimatum from Washington, DC, for Moscow to end the conflict with Ukraine was a step towards a war between Russia and the US.</p><p> “And, tell Medvedev, the failed former President of Russia, who thinks he’s still President, to watch his words. He’s entering very dangerous territory!” Trump wrote in the same post on Truth Social, where he called the Indian and Russian economies dead. </p> .<p>Trump’s tirade against New Delhi started a day after Prime Minister Narendra Modi on Tuesday told the Lok Sabha that no foreign leader had asked India to halt its military offensive against Pakistan on May 10, dismissing once again the US president’s claim that he had brokered a ceasefire between the two South Asian nations, using the threat of suspending trade with both. </p><p>Trump, however, did not relent and continued to claim credit for the truce between the two South Asian nations. External Affairs Minister S Jaishankar on Wednesday told the Rajya Sabha that trade had never come up during contacts between New Delhi and Washington, DC, when the India-Pakistan cross-border military offensives and counter-offensives had been going on.</p> .<p>“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India someday!” Trump posted on Truth Social late on Wednesday. </p><p>He had earlier in the day criticised India for its high tariff on exports from the US as well as its non-monetary trade barriers. He had announced a tariff of 25 per cent on exports from India to the US and a penalty for New Delhi’s reliance on Russia for military hardware and its purchase of energy from the former Soviet Union nation.</p> <p>Trump’s close aide and the director of the American National Economic Council, Kevin Hassett, recently said that the US president had got frustrated with the progress of the negotiations for a trade deal with India.</p><p>The negotiations for a trade deal got stuck with New Delhi not yielding to the Trump Administration’s pressure to lower tariffs on the import of farm and dairy products from the US. Washington, DC, also refused to accept New Delhi’s demand to lower tariffs on the export of textiles and leather products from India to the US.</p> .<p>The bonhomie between the Trump Administration and Islamabad over the past few months irked New Delhi. Not only has a top US military commander lauded “phenomenal partner” </p><p>Pakistan for hunting the Islamic State (Khorasan) terrorists, but Trump, himself, hosted in the White House the Pakistan Army chief, Field Marshal Asim Munir, whom India accused of provoking the April 22 carnage in Jammu and Kashmir with an incendiary speech.</p> <p>Islamabad on Thursday stated that its trade deal with Washington, D.C., agreement would result in reduction of reciprocal tariff especially on Pakistan’s exports to the US. </p><p>“This deal marks the beginning of a new era of economic collaboration especially in energy, mines and mineral, IT, cryptocurrency and other sectors,” the Embassy of Pakistan in Washington, DC, posted on X. “</p><p>The deal complements Pakistan’s existing efforts of broadening the scope of Pakistan-US economic ties and to include partnerships at the US states level. The agreement enhances Pakistan’s access to the US market and vice versa.”</p> <p>Islamabad also claimed that the deal was expected to spur increased US investment in Pakistan’s infrastructure and development projects.</p>
<p>New Delhi: After imposing a 25 per cent tariff on all imports from India, United States President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a> on Thursday called the South Asian nation’s economy ‘dead’ and even announced a trade deal with its neighbour and arch-rival Pakistan.</p><p> Trump also announced that the US would help develop “massive oil reserves” in Pakistan, which, according to him, might someday even sell hydrocarbons to India. </p> .'They can take their dead economies down together': US President Donald Trump slams India-Russia ties.<p>“I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” the US president posted on Truth Social on Thursday. “We have done very little business with India; their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let’s keep it that way.”</p> .<p>Earlier, while announcing a 25 per cent tariff on all goods exported by India to the US, Trump had also slammed New Delhi for buying defence hardware and energy from Russia, despite the former Soviet Union nation’s special military operations in Ukraine. </p><p>He hit out at President Vladimir Putin’s close aide, Dimitry Medvedev, for suggesting that each new ultimatum from Washington, DC, for Moscow to end the conflict with Ukraine was a step towards a war between Russia and the US.</p><p> “And, tell Medvedev, the failed former President of Russia, who thinks he’s still President, to watch his words. He’s entering very dangerous territory!” Trump wrote in the same post on Truth Social, where he called the Indian and Russian economies dead. </p> .<p>Trump’s tirade against New Delhi started a day after Prime Minister Narendra Modi on Tuesday told the Lok Sabha that no foreign leader had asked India to halt its military offensive against Pakistan on May 10, dismissing once again the US president’s claim that he had brokered a ceasefire between the two South Asian nations, using the threat of suspending trade with both. </p><p>Trump, however, did not relent and continued to claim credit for the truce between the two South Asian nations. External Affairs Minister S Jaishankar on Wednesday told the Rajya Sabha that trade had never come up during contacts between New Delhi and Washington, DC, when the India-Pakistan cross-border military offensives and counter-offensives had been going on.</p> .<p>“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India someday!” Trump posted on Truth Social late on Wednesday. </p><p>He had earlier in the day criticised India for its high tariff on exports from the US as well as its non-monetary trade barriers. He had announced a tariff of 25 per cent on exports from India to the US and a penalty for New Delhi’s reliance on Russia for military hardware and its purchase of energy from the former Soviet Union nation.</p> <p>Trump’s close aide and the director of the American National Economic Council, Kevin Hassett, recently said that the US president had got frustrated with the progress of the negotiations for a trade deal with India.</p><p>The negotiations for a trade deal got stuck with New Delhi not yielding to the Trump Administration’s pressure to lower tariffs on the import of farm and dairy products from the US. Washington, DC, also refused to accept New Delhi’s demand to lower tariffs on the export of textiles and leather products from India to the US.</p> .<p>The bonhomie between the Trump Administration and Islamabad over the past few months irked New Delhi. Not only has a top US military commander lauded “phenomenal partner” </p><p>Pakistan for hunting the Islamic State (Khorasan) terrorists, but Trump, himself, hosted in the White House the Pakistan Army chief, Field Marshal Asim Munir, whom India accused of provoking the April 22 carnage in Jammu and Kashmir with an incendiary speech.</p> <p>Islamabad on Thursday stated that its trade deal with Washington, D.C., agreement would result in reduction of reciprocal tariff especially on Pakistan’s exports to the US. </p><p>“This deal marks the beginning of a new era of economic collaboration especially in energy, mines and mineral, IT, cryptocurrency and other sectors,” the Embassy of Pakistan in Washington, DC, posted on X. “</p><p>The deal complements Pakistan’s existing efforts of broadening the scope of Pakistan-US economic ties and to include partnerships at the US states level. The agreement enhances Pakistan’s access to the US market and vice versa.”</p> <p>Islamabad also claimed that the deal was expected to spur increased US investment in Pakistan’s infrastructure and development projects.</p>